Golden Arrow Resources (CVE:GRG) Reaches New 12-Month High – Here’s What Happened

Golden Arrow Resources Co. (CVE:GRG) hit a new 52-week high during trading on Thursday . The stock traded as high as C$0.12 and last traded at C$0.12, with a volume of 21100 shares traded. The stock had previously closed at C$0.12.

Golden Arrow Resources Price Performance

The business’s 50 day moving average is C$0.10 and its two-hundred day moving average is C$0.09. The firm has a market capitalization of C$18.64 million, a PE ratio of -11.00 and a beta of 1.30.

Insider Buying and Selling at Golden Arrow Resources

In related news, insider Diego Martin Pestana acquired 926,726 shares of the stock in a transaction dated Friday, July 10th. The shares were purchased at an average price of C$0.08 per share, for a total transaction of C$74,138.08. Following the transaction, the insider owned 22,969,123 shares in the company, valued at C$1,837,529.84. This represents a 4.20% increase in their position. In the last 90 days, insiders have acquired 977,452 shares of company stock worth $78,196. Company insiders own 7.82% of the company’s stock.

Golden Arrow Resources Company Profile

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.