Golden Arrow Resources (CVE:GRG) Given a C$0.21 Price Target by Fundamental Research Analysts

Golden Arrow Resources (CVE:GRG) has been given a C$0.21 price objective by stock analysts at Fundamental Research in a report released on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Fundamental Research’s price objective would indicate a potential upside of 250.00% from the company’s previous close.

Golden Arrow Resources Stock Performance

Shares of GRG opened at C$0.06 on Wednesday. The business’s 50-day moving average is C$0.06 and its two-hundred day moving average is C$0.05. The company has a market capitalization of C$9.63 million, a P/E ratio of -1.41 and a beta of 1.13. Golden Arrow Resources has a fifty-two week low of C$0.04 and a fifty-two week high of C$0.08.

Insider Transactions at Golden Arrow Resources

In other news, insider Diego Martin Pestana bought 4,300,000 shares of the stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of C$0.05 per share, with a total value of C$215,000.00. Insiders have bought 4,745,000 shares of company stock valued at $239,625 in the last 90 days. 7.82% of the stock is currently owned by company insiders.

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.