Golden Arrow Resources (CVE:GRG) Hits New 1-Year Low – What’s Next?

Posted by Erica Schwartz on Dec 20th, 2024

Shares of Golden Arrow Resources Co. (CVE:GRG – Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 4000 shares traded. The stock had previously closed at C$0.05.

Golden Arrow Resources Price Performance

The company has a market cap of C$5.79 million, a P/E ratio of -1.33 and a beta of 1.13. The company’s 50-day moving average price is C$0.04 and its 200-day moving average price 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.

Insiders Place Their Bets

In other Golden Arrow Resources news, insider Diego Martin Pestana acquired 1,115,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were acquired at an average price of C$0.05 per share, with a total value of C$55,750.00. In the last 90 days, insiders bought 4,198,000 shares of company stock worth $184,900. Corporate insiders own 7.82% of the company’s stock.

About Golden Arrow Resources

(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.