Golden Arrow Resources (CVE:GRG) Sets New 12-Month High – What’s Next?

Golden Arrow Resources Co. (CVE:GRG) reached a new 52-week high during trading on Thursday . The stock traded as high as C$0.07 and last traded at C$0.06, with a volume of 186200 shares trading hands. The stock had previously closed at C$0.06.

Golden Arrow Resources Price Performance

The company has a 50 day moving average price of C$0.05 and a 200 day moving average price of C$0.04. The company has a market capitalization of C$9.41 million, a price-to-earnings ratio of -2.17 and a beta of 1.13. The company has a current ratio of 1.75, a quick ratio of 15.33 and a debt-to-equity ratio of 3.05.

Insider Activity

In related news, insider Diego Martin Pestana purchased 1,115,000 shares of Golden Arrow Resources stock in a transaction dated Wednesday, November 6th. The shares were acquired at an average cost of C$0.05 per share, for a total transaction of C$55,750.00. In the last ninety days, insiders bought 4,736,000 shares of company stock valued at $212,850. 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.