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

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

Golden Arrow Resources Stock Up 9.1 %

GRG opened at C$0.06 on Wednesday. The firm’s fifty day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.05. Golden Arrow Resources has a 52-week low of C$0.04 and a 52-week high of C$0.08. The company has a market cap of C$9.63 million, a price-to-earnings ratio of -1.41 and a beta of 1.13.

Insider Buying and Selling

In other news, insider Diego Martin Pestana acquired 4,300,000 shares of Golden Arrow Resources stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of C$0.05 per share, with a total value of C$215,000.00. In the last three months, insiders have bought 4,745,000 shares of company stock worth $239,625. Insiders own 7.82% of the company’s stock.

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.