Golden Arrow Resources (CVE:GRG) Reaches New 52-Week High – Here’s What Happened

Golden Arrow Resources Co. (CVE:GRG)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as C$0.12 and last traded at C$0.12, with a volume of 141100 shares trading hands. The stock had previously closed at C$0.10.

Golden Arrow Resources Stock Performance

The business has a fifty day simple moving average of C$0.10 and a 200 day simple moving average of C$0.08. The stock has a market capitalization of C$19.48 million, a price-to-earnings ratio of -11.50 and a beta of 1.30.

Insider Transactions at Golden Arrow Resources

In other news, insider Diego Martin Pestana acquired 926,726 shares of Golden Arrow Resources stock in a transaction on Friday, July 10th. The shares were purchased at an average cost of C$0.08 per share, for a total transaction of C$74,138.08. Following the completion of the purchase, the insider directly owned 22,969,123 shares of the company’s stock, valued at approximately C$1,837,529.84. This represents a 4.20% increase in their position. Insiders have bought 988,452 shares of company stock worth $79,076 in the last 90 days. 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.