Golden Arrow Resources (CVE:GRG) Hits New 12-Month Low – Should You Sell?

Posted by Matthew Steigler on Dec 27th, 2024

Golden Arrow Resources Co. (CVE:GRG – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 8708 shares. The stock had previously closed at C$0.05.

Golden Arrow Resources Trading Down 11.1 %

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

Insider Buying and Selling at Golden Arrow Resources

In other news, insider Diego Martin Pestana bought 1,115,000 shares of Golden Arrow Resources stock in a transaction dated Wednesday, November 6th. The shares were purchased at an average cost of C$0.05 per share, with a total value of C$55,750.00. Insiders have acquired a total of 4,357,000 shares of company stock valued at $192,055 over the last ninety days. 7.82% of the stock is currently owned by company insiders.

Golden Arrow Resources Company Profile

(Get Free Report)

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.