Golden Arrow Resources (CVE:GRG) PT Set at C$0.21 by Fundamental Research

Fundamental Research set a C$0.21 price target on Golden Arrow Resources (CVE:GRG) in a research note released on Wednesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Golden Arrow Resources Stock Up 9.1 %

Shares of CVE GRG opened at C$0.06 on Wednesday. The company has a market cap of C$9.63 million, a P/E ratio of -1.41 and a beta of 1.13. Golden Arrow Resources has a 52 week low of C$0.04 and a 52 week high of C$0.08. The business has a 50-day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.05.

Insider Activity

In other Golden Arrow Resources news, insider Diego Martin Pestana acquired 4,300,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of C$0.05 per share, for a total transaction of C$215,000.00. Over the last ninety days, insiders bought 4,745,000 shares of company stock worth $239,625. 7.82% of the stock is 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.