Banyan Gold Corp. (CVE:BYN – Get Free Report)’s share price reached a new 52-week high during trading on Monday . The company traded as high as C$2.12 and last traded at C$2.08, with a volume of 1368113 shares. The stock had previously closed at C$1.97.
Analyst Ratings Changes
Separately, Desjardins set a C$3.00 price target on Banyan Gold and gave the stock a “buy” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Strong Buy” and an average target price of C$2.62.
Check Out Our Latest Stock Report on BYN
Banyan Gold Stock Performance
The company has a market cap of C$929.78 million, a price-to-earnings ratio of -521.25 and a beta of 2.80. The business has a fifty day moving average price of C$1.65 and a 200 day moving average price of C$1.46.
Insider Activity at Banyan Gold
In other news, Director David Rutt sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of C$1.50, for a total value of C$75,000.00. Following the completion of the transaction, the director owned 2,774,224 shares of the company’s stock, valued at C$4,161,336. This represents a 1.77% decrease in their ownership of the stock. Insiders sold 170,000 shares of company stock worth $251,400 over the last quarter. Company insiders own 17.73% of the company’s stock.
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.
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