Banyan Gold (CVE:BYN) Trading Down 2.6% – Time to Sell?

Banyan Gold Corp. (CVE:BYN)’s share price was down 2.6% during mid-day trading on Thursday . The stock traded as low as C$0.18 and last traded at C$0.19. Approximately 155,000 shares changed hands during trading, an increase of 129% from the average daily volume of 67,633 shares. The stock had previously closed at C$0.19.

Banyan Gold Trading Up 2.8 %

The firm has a market capitalization of C$60.83 million, a price-to-earnings ratio of -18.50 and a beta of 1.59. The stock’s 50-day moving average is C$0.20 and its 200-day moving average is C$0.20.

Insider Transactions at Banyan Gold

In other news, Director Tara Christie purchased 250,000 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were purchased at an average cost of C$0.22 per share, with a total value of C$55,000.00. 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.