Banyan Gold (CVE:BYN) Trading Up 2.3% – Should You Buy?

Shares of Banyan Gold Corp. (CVE:BYN) traded up 2.3% during mid-day trading on Wednesday . The company traded as high as C$0.23 and last traded at C$0.23. 17,750 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 238,188 shares. The stock had previously closed at C$0.22.

Banyan Gold Stock Down 6.7 %

The company’s fifty day simple moving average is C$0.22 and its 200 day simple moving average is C$0.23. The firm has a market capitalization of C$69.05 million, a PE ratio of -22.50 and a beta of 1.59.

Insider Activity

In other Banyan Gold news, Director Tara Christie acquired 250,000 shares of the business’s stock in a transaction on Friday, October 25th. The shares were acquired at an average price of C$0.22 per share, for a total transaction of C$55,000.00. 17.73% of the stock is currently 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.