Golden Arrow Resources (CVE:GRG) Sets New 52-Week Low – What’s Next?

Shares of Golden Arrow Resources Co. (CVE:GRGGet Free Report) reached a new 52-week low on Monday . The company traded as low as C$0.04 and last traded at C$0.04, with a volume of 19003 shares trading hands. The stock had previously closed at C$0.04.

Golden Arrow Resources Price Performance

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

Insiders Place Their Bets

In related news, insider Diego Martin Pestana purchased 2,500,000 shares of the stock in a transaction dated Monday, October 28th. The stock was bought at an average cost of C$0.04 per share, with a total value of C$100,000.00. Company insiders own 7.82% of the company’s stock.

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.

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