Golden Arrow Resources (CVE:GRG) Hits New 52-Week Low – Should You Sell?

Golden Arrow Resources Co. (CVE:GRG)’s stock price hit a new 52-week low during 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. The stock had previously closed at C$0.05.

Golden Arrow Resources Price Performance

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

Insider Activity

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

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.