Golden Arrow Resources (CVE:GRG) Sets New 12-Month Low – Time to Sell?

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

Golden Arrow Resources Stock Performance

The stock has a market capitalization of C$5.79 million, a P/E ratio of -1.33 and a beta of 1.13. The company has a quick ratio of 15.33, a current ratio of 1.75 and a debt-to-equity ratio of 3.05. The firm has a 50-day moving average of C$0.04 and a 200 day moving average of C$0.05.

Insider Activity

In related news, insider Diego Martin Pestana bought 2,500,000 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was acquired at an average cost of C$0.04 per share, with a total value of C$100,000.00. In the last three months, insiders have acquired 4,198,000 shares of company stock worth $184,900. Corporate 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.