Banyan Gold (CVE:BYN) Trading 2.3% Higher – Here’s What Happened

Banyan Gold Corp. (CVE:BYN)’s share price was up 2.3% during trading on Wednesday . The company traded as high as C$0.23 and last traded at C$0.23. Approximately 17,750 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 238,188 shares. The stock had previously closed at C$0.22.

Banyan Gold Price Performance

The company has a 50-day moving average of C$0.22 and a two-hundred day moving average of C$0.23. The company has a market capitalization of C$69.05 million, a PE ratio of -22.50 and a beta of 1.59.

Insider Activity

In other Banyan Gold news, Director Tara Christie purchased 250,000 shares of the business’s stock in a transaction on Friday, October 25th. The stock was acquired at an average price of C$0.22 per share, for a total transaction of C$55,000.00. Insiders own 17.73% of the company’s stock.

About Banyan Gold

Banyan Gold Corp. engages in the exploration and development of precious metals. The company explores for gold and silver deposits. It holds 100% interest in the AurMac project that consists of 506 quartz mineral claims covering an area of approximately 9,230 hectares located in the Mayo Mining District, Yukon Territory; Hyland gold project comprises of 927 quartz mineral claims covering an area of totaling 18,620 hectares located in the Watson Lake Mining District, Yukon Territory; and Nitra gold project, which consists of 1,442 claims covering an area of approximately 296 square kilometers located in the Mayo Mining District, Yukon Territory.