Banyan Gold (CVE:BYN) Sets New 52-Week High – Here’s Why

Banyan Gold Corp. (CVE:BYN)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as C$1.81 and last traded at C$1.76, with a volume of 394142 shares. The stock had previously closed at C$1.73.

Banyan Gold Stock Performance

The firm has a market capitalization of C$784.38 million, a P/E ratio of -125.71 and a beta of 2.70. The business’s fifty day moving average price is C$1.44 and its two-hundred day moving average price is C$1.34.

Insider Buying and Selling

In related news, Director David Rutt sold 50,000 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of C$1.50, for a total transaction of C$75,000.00. Following the completion of the sale, 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 have sold a total of 170,000 shares of company stock worth $251,400 over the last three months. Corporate 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.