| GRG Stock | | | CAD 0.04 0.01 10.00% |
Chairman
Mr. Joseph Grosso is Executive Chairman of the Board, President, Chief Executive Officer of Golden Arrow Resources Corporationrationration. Mr. Grosso became one of the early pioneers of the mining sector in Argentina in 1993 when mining was opened to foreign investment, and was named Argentina Mining Man of The Year in 2005. His knowledge of Argentina was instrumental in attracting a premier team which led to the acquisition of key properties in Golden Arrow portfolio. He has formed strategic alliances and negotiated with mining industry majors such as Barrick, Teck, Newmont, Viceroy and Vale S.A., and government officials at all levels. Mr. Grosso specialty is financing, negotiations, corporate and marketing strategy, and he was an early and passionate adopter of practices in environmental protection and socioeconomic development through mineral exploration. He is the founder and president of Grosso Group Management Ltd. since 2013.
| Age | 85 |
| Tenure | 11 years |
| Address | 837 West Hastings Street, Vancouver, BC, Canada, V6C 3N6 |
| Phone | 604 687 1828 |
| Web | https://www.goldenarrowresources.com |
Golden Arrow Management Efficiency
The company has return on total asset
(ROA) of
(0.6337) % which means that it has lost $0.6337 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity
(ROE) of
(0.9274) %, meaning that it generated substantial loss on money invested by shareholders. Golden Arrow's management efficiency ratios could be used to measure how well Golden Arrow manages its routine affairs as well as how well it operates its assets and liabilities.
Return On Tangible Assets is likely to drop to -0.94 in 2024.
Return On Capital Employed is likely to drop to -1.45 in 2024. At this time, Golden Arrow's
Non Current Assets Total are fairly stable compared to the past year.
Net Tangible Assets is likely to climb to about 20
M in 2024, despite the fact that
Non Currrent Assets Other are likely to grow to (6.1
M).
Golden Arrow Resources has accumulated 190.77
K in total debt with debt to equity ratio
(D/E) of 35.7, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Golden Arrow Resources has a current ratio of 2.36, suggesting that it is
liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Golden Arrow until it has trouble settling it off, either with new capital or with free cash flow. So, Golden Arrow's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Golden Arrow Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Golden to invest in growth at high rates of return. When we think about Golden Arrow's use of debt, we should always consider it together with cash and equity.
Golden Arrow Resources Corporation, a natural resource company, engages in the acquisition, exploration, and development of precious and base metal projects in Argentina. Golden Arrow Resources Corporation was incorporated in 2015 and is based in Vancouver, Canada. GOLDEN ARROW operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange. Golden Arrow Resources (GRG) is traded on TSX Venture Exchange in Canada and employs 6 people. Golden Arrow is listed under Diversified Metals & Mining category by Fama And French industry classification.
Management Performance
Golden Arrow Resources Leadership Team
Elected by the shareholders, the Golden Arrow's board of directors comprises two types of representatives: Golden Arrow inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Golden. The board's role is to monitor Golden Arrow's management team and ensure that shareholders' interests are well served. Golden Arrow's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Golden Arrow's outside directors are responsible for providing unbiased perspectives on the board's policies.
Golden Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Golden Arrow a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
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