Golden Arrow Resources (CVE:GRG) Hits New 1-Year Low – Should You Sell?

Golden Arrow Resources Co. (CVE:GRG) hit a new 52-week low on Wednesday . The company traded as low as C$0.04 and last traded at C$0.04, with a volume of 14000 shares. The stock had previously closed at C$0.05.

Golden Arrow Resources Price Performance

The business has a 50 day moving average price of C$0.04 and a two-hundred day moving average price of C$0.05. The stock has a market cap of C$5.79 million, a PE ratio of -1.33 and a beta of 1.13. The company has a debt-to-equity ratio of 3.05, a quick ratio of 15.33 and a current ratio of 1.75.

Insider Buying and Selling

In other Golden Arrow Resources news, insider Diego Martin Pestana acquired 2,500,000 shares of Golden Arrow Resources stock in a transaction that occurred on Monday, October 28th. The stock was acquired at an average cost of C$0.04 per share, for a total transaction of C$100,000.00. Over the last 90 days, insiders purchased 4,198,000 shares of company stock worth $184,900. 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.