Insider Selling: Golden Arrow Resources (CVE:GRG) Insider Sells 200,000 Shares of Stock

Key Points

  • Golden Arrow Resources insider Diego Martin Pestana sold 200,000 shares on Friday, May 15, at an average price of C$0.09, generating C$18,000 in proceeds.
  • After the sale, Pestana still held 1,020,000 shares valued at about C$91,800, representing a 16.39% reduction in their position.
  • The stock was trading at C$0.09, near its 52-week high of C$0.10, while the company’s market cap stood at C$15.25 million.

Golden Arrow Resources Co. (CVE:GRG - Get Free Report) insider Diego Martin Pestana sold 200,000 shares of the company's stock in a transaction dated Friday, May 15th. The shares were sold at an average price of C$0.09, for a total transaction of C$18,000.00. Following the completion of the sale, the insider owned 1,020,000 shares in the company, valued at approximately C$91,800. This trade represents a 16.39% decrease in their position.

Golden Arrow Resources Stock Performance

Shares of Golden Arrow Resources stock opened at C$0.09 on Friday. The firm has a market cap of C$15.25 million, a PE ratio of -3.00 and a beta of 1.00. The firm's 50-day simple moving average is C$0.07 and its 200-day simple moving average is C$0.07. Golden Arrow Resources Co. has a 1 year low of C$0.04 and a 1 year high of C$0.10.

Golden Arrow Resources Company Profile

(Get Free Report)

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. Golden Arrow Resources Corporation was incorporated in 2015 and is based in Vancouver, Canada.Golden Arrow Resources Corporation operates as a subsidiary of Grosso Group Management Ltd.

Further Reading

Insider Buying and Selling by Quarter for Golden Arrow Resources (CVE:GRG)

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