Insider Buying: Golden Arrow Resources Co. (CVE:GRG) Insider Acquires 185,000 Shares of Stock

Golden Arrow Resources Co. (CVE:GRG) insider Diego Martin Pestana acquired 185,000 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were bought at an average price of C$0.06 per share, for a total transaction of C$11,100.00.

Diego Martin Pestana also recently made the following trade(s):

• On Tuesday, January 14th, Diego Martin Pestana bought 193,000 shares of Golden Arrow Resources stock. The stock was purchased at an average price of C$0.05 per share, with a total value of C$9,650.00.
• On Thursday, January 2nd, Diego Martin Pestana purchased 1,000 shares of Golden Arrow Resources stock. The shares were purchased at an average cost of C$0.05 per share, for a total transaction of C$45.00.
• On Monday, December 23rd, Diego Martin Pestana acquired 159,000 shares of Golden Arrow Resources stock. The stock was purchased at an average cost of C$0.05 per share, with a total value of C$7,155.00.
• On Wednesday, November 13th, Diego Martin Pestana bought 263,000 shares of Golden Arrow Resources stock. The stock was acquired at an average price of C$0.05 per share, for a total transaction of C$13,150.00.
• On Monday, November 11th, Diego Martin Pestana purchased 320,000 shares of Golden Arrow Resources stock. The shares were acquired at an average cost of C$0.05 per share, with a total value of C$16,000.00.
• On Wednesday, November 6th, Diego Martin Pestana acquired 1,115,000 shares of Golden Arrow Resources stock. The stock was acquired at an average cost of C$0.05 per share, for a total transaction of C$55,750.00.
• On Monday, October 28th, Diego Martin Pestana bought 2,500,000 shares of Golden Arrow Resources stock. The shares were acquired at an average cost of C$0.04 per share, with a total value of C$100,000.00.

Golden Arrow Resources Price Performance

Shares of CVE:GRG opened at C$0.07 on Friday. The company has a market capitalization of C$9.41 million, a P/E ratio of -2.17 and a beta of 1.13. The company’s 50-day moving average is C$0.05 and its 200 day moving average is C$0.04. The company has a debt-to-equity ratio of 3.05, a quick ratio of 15.33 and a current ratio of 1.75. Golden Arrow Resources Co. has a fifty-two week low of C$0.04 and a fifty-two week high of C$0.08.

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.