Banyan Gold (CVE:BYN) Trading Down 2.6% – Here’s Why

Banyan Gold Corp. (CVE:BYN)’s share price traded down 2.6% during trading on Thursday . The stock traded as low as C$0.18 and last traded at C$0.19. 155,000 shares were traded during trading, an increase of 129% from the average session volume of 67,633 shares. The stock had previously closed at C$0.19.

Banyan Gold Stock Up 2.8 %

The firm has a 50 day moving average of C$0.20 and a 200 day moving average of C$0.20. The firm has a market cap of C$60.83 million, a price-to-earnings ratio of -18.50 and a beta of 1.59.

Insider Activity

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

Banyan Gold Company Profile

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.