Mayfair Gold (CVE:MFG) Insider Buys 20,000 Shares of Company Stock

Mayfair Gold Corp. (CVE:MFG) insider Jean Francois Metail acquired 20,000 shares of Mayfair Gold stock in a transaction that occurred on Tuesday, November 3rd. The shares were bought at an average price of C$3.49 per share, with a total value of C$69,800.00. Following the transaction, the insider directly owned 20,000 shares in the company, valued at approximately C$69,800. This trade represents a ∞ increase in their ownership of the stock.

Mayfair Gold Trading Up 2.1%

CVE MFG traded up C$0.07 during trading hours on Monday, hitting C$3.47. The company had a trading volume of 33,771 shares, compared to its average volume of 100,800. Mayfair Gold Corp. has a fifty-two week low of C$3.06 and a fifty-two week high of C$6.65. The business has a fifty day moving average of C$3.75. The company has a market cap of C$241.11 million, a price-to-earnings ratio of -10.84 and a beta of 0.65.

Analysts Set New Price Targets

Separately, Atrium Research upgraded shares of Mayfair Gold to a “strong-buy” rating in a research report on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat.com, Mayfair Gold presently has a consensus rating of “Strong Buy”.

Mayfair Gold Corp. is a Canadian mineral exploration and development company focused on advancing gold assets in Canada. The company’s primary project is the Fenn-Gib gold project, located in the Timmins Gold Camp of northern Ontario, a region with a long history of gold mining and established infrastructure.

Fenn-Gib is a large-scale gold exploration project covering a substantial land position along the Porcupine-Destor Fault Zone. Mayfair Gold is focused on exploration, resource definition, technical studies and project development activities intended to evaluate the project’s potential for future mining.