Banyan Gold (CVE:BYN) Hits New 12-Month High – Here’s What Happened

Banyan Gold Corp. (CVE:BYN)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$2.04 and last traded at C$2.03, with a volume of 370920 shares trading hands. The stock had previously closed at C$1.98.

Banyan Gold Trading Up 0.5%

The firm’s fifty day moving average is C$1.63 and its 200 day moving average is C$1.45. The company has a market cap of C$914.18 million, a PE ratio of -512.50 and a beta of 2.80.

Insider Activity

In other news, Director David Rutt sold 50,000 shares of the business’s stock in a transaction dated 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. The trade was a 1.77% decrease in their ownership of the stock. Insiders have sold a total of 170,000 shares of company stock valued at $251,400 in the last quarter. 17.73% of the stock is 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.