Golden Arrow Resources (CVE:GRG) Shares Down 10.5% – Should You Sell?

Golden Arrow Resources Co. (CVE:GRG)’s share price traded down 10.5% during mid-day trading on Thursday . The company traded as low as C$0.09 and last traded at C$0.09. 121,470 shares were traded during mid-day trading, a decline of 25% from the average session volume of 162,081 shares. The stock had previously closed at C$0.10.

Golden Arrow Resources Stock Down 10.5%

The company has a market cap of C$14.40 million, a PE ratio of -8.50 and a beta of 1.30. The business’s fifty day moving average is C$0.09 and its 200-day moving average is C$0.08.

Insider Buying and Selling

In other Golden Arrow Resources news, insider Diego Martin Pestana acquired 1,438,726 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was purchased at an average price of C$0.08 per share, for a total transaction of C$115,098.08. Following the acquisition, the insider owned 23,481,123 shares in the company, valued at approximately C$1,878,489.84. This trade represents a 6.53% increase in their position. Insiders have purchased a total of 1,511,726 shares of company stock valued at $120,938 over the last ninety days. Insiders own 7.82% of the company’s stock.

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. Golden Arrow Resources Corporation was incorporated in 2015 and is based in Vancouver, Canada.Golden Arrow Resources Corporation operates as a subsidiary of Grosso Group Management Ltd.