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

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

Golden Arrow Resources Stock Up 18.2 %

The stock’s 50-day moving average is C$0.05 and its 200-day moving average is C$0.04. The stock has a market cap of C$9.41 million, a P/E 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 other Golden Arrow Resources news, insider Diego Martin Pestana acquired 1,115,000 shares of Golden Arrow Resources stock in a transaction dated Wednesday, November 6th. The stock was bought at an average price of C$0.05 per share, for a total transaction of C$55,750.00. In the last quarter, insiders acquired 4,551,000 shares of company stock worth $201,750. 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.