Golden Arrow Resources (CVE:GRG) Given a C$0.21 Price Target at Fundamental Research

Golden Arrow Resources (CVE:GRG) has been given a C$0.21 price target by research analysts at Fundamental Research in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Fundamental Research’s price objective would suggest a potential upside of 281.82% from the company’s current price.

Golden Arrow Resources Price Performance

Shares of CVE:GRG traded down C$0.01 during midday trading on Wednesday, reaching C$0.06. 3,000 shares of the company’s stock were exchanged, compared to its average volume of 48,988. The firm’s 50 day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.05. Golden Arrow Resources has a fifty-two week low of C$0.04 and a fifty-two week high of C$0.08. The stock has a market cap of C$8.82 million, a price-to-earnings ratio of -1.29 and a beta of 1.13.

Insider Activity

In other news, insider Diego Martin Pestana acquired 4,300,000 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of C$0.05 per share, with a total value of C$215,000.00. In the last three months, insiders have purchased 4,745,000 shares of company stock valued at $239,625. 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.