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

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

Golden Arrow Resources Stock Performance

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

Insider Activity at Golden Arrow Resources

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