Golden Arrow Resources (CVE:GRG) Reaches New 1-Year High – What’s Next?

Golden Arrow Resources Co. (CVE:GRG)’s share price reached a new 52-week high on Tuesday . The company traded as high as C$0.12 and last traded at C$0.12, with a volume of 159591 shares changing hands. The stock had previously closed at C$0.10.

Golden Arrow Resources Price Performance

The firm has a market cap of C$18.64 million, a P/E ratio of -11.00 and a beta of 1.30. The company has a fifty day moving average of C$0.09 and a 200-day moving average of C$0.08.

Insider Transactions at Golden Arrow Resources

In other news, insider Diego Martin Pestana acquired 926,726 shares of the firm’s stock in a transaction on Friday, July 10th. The stock was purchased at an average price of C$0.08 per share, for a total transaction of C$74,138.08. Following the purchase, the insider owned 22,969,123 shares in the company, valued at approximately C$1,837,529.84. This represents a 4.20% increase in their position. Over the last ninety days, insiders have bought 2,488,452 shares of company stock valued at $199,076. Corporate 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.