Mayfair Gold (NYSEAMERICAN:MINE) Announces Earnings Results

Mayfair Gold (NYSEAMERICAN:MINE) issued its earnings results on Thursday. The company reported ($0.09) earnings per share for the quarter, Zacks reports.

Mayfair Gold Trading Down 4.6%

MINE stock traded down $0.11 during midday trading on Thursday, hitting $2.28. The company’s stock had a trading volume of 65,640 shares, compared to its average volume of 106,427. Mayfair Gold has a 12 month low of $2.16 and a 12 month high of $4.88. The company has a 50 day moving average of $2.66 and a two-hundred day moving average of $2.85.

Analysts Set New Price Targets

Separately, Atrium Research raised shares of Mayfair Gold to a “strong-buy” rating in a report on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy”.

Mayfair Gold Company Profile

Mayfair Gold Corp. is a Canadian gold exploration and development company focused on advancing its Fenn-Gib gold project in Ontario. The project is located in the Timmins region, an established gold-producing area of northeastern Ontario. The company’s activities center on exploring and evaluating the Fenn-Gib property. Mayfair Gold is a development-stage company and does not operate as a gold producer.