Golden Arrow Resources (CVE:GRG) Reaches New 1-Year Low – Here’s What Happened

Golden Arrow Resources Co. (CVE:GRG) reached a new 52-week low during trading on Tuesday . The company traded as low as C$0.04 and last traded at C$0.04, with a volume of 9300 shares. The stock had previously closed at C$0.04.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.21 price objective on shares of Golden Arrow Resources and gave the stock a “buy” rating in a research report on Wednesday, March 26th.

Golden Arrow Resources Trading Up 25.0 %

The firm has a market cap of C$8.02 million, a P/E ratio of -1.17 and a beta of 1.13. The business’s fifty day simple moving average is C$0.05 and its 200-day simple moving average is C$0.05.

Insider Activity

In other news, insider Diego Martin Pestana bought 4,300,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average price of C$0.05 per share, for a total transaction of C$215,000.00. In the last 90 days, insiders acquired 4,551,000 shares of company stock worth $229,930. 7.82% of the stock is currently owned by insiders.

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.