Golden Arrow Resources (CVE:GRG) Sets New 12-Month Low – Time to Sell?

Golden Arrow Resources Co. (CVE:GRG) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 5000 shares traded. The stock had previously closed at C$0.05.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$0.21 target price on Golden Arrow Resources and gave the stock a “buy” rating in a research note on Wednesday, March 26th.

Golden Arrow Resources Stock Performance

The company’s 50-day simple moving average is C$0.06 and its 200 day simple moving average is C$0.05. The company has a market cap of C$6.42 million, a PE ratio of -0.94 and a beta of 1.13.

Insider Activity

In other news, insider Diego Martin Pestana bought 4,300,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of C$0.05 per share, for a total transaction of C$215,000.00. In the last quarter, insiders purchased 4,744,000 shares of company stock worth $239,580. 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.