Golden Arrow Resources (CVE:GRG) Sets New 52-Week Low – Time to Sell?

Golden Arrow Resources Co. (CVE:GRG)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 1300 shares changing hands. The stock had previously closed at C$0.05.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.21 target price on shares of Golden Arrow Resources and gave the company a “buy” rating in a research report on Wednesday, March 26th.

Golden Arrow Resources Stock Performance

The stock has a market capitalization of C$6.42 million, a P/E ratio of -0.94 and a beta of 1.13. The stock’s fifty day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.05.

Insiders Place Their Bets

In related news, insider Diego Martin Pestana purchased 4,150,000 shares of Golden Arrow Resources stock in a transaction that occurred on Friday, May 9th. The stock was bought at an average price of C$0.05 per share, for a total transaction of C$207,500.00. Over the last ninety days, insiders purchased 8,516,000 shares of company stock worth $426,330. 7.82% of the stock is currently owned by company insiders.

About Golden Arrow Resources

Golden Arrow Resources Corporation, a natural resource company, engages in the acquisition, exploration, and development resource properties in South America. The company explores for iron, copper, gold, cobalt, and silver deposits. Its flagship project is the 100% owned San Pietro Fe-Cu-Au-Co Project covering an area of 18,448 Ha located in Chile.