Banyan Gold (CVE:BYN) Stock Price Up 8.9% – Should You Buy?

Banyan Gold Corp. (CVE:BYN)’s share price rose 8.9% during mid-day trading on Wednesday . The company traded as high as C$0.25 and last traded at C$0.25. Approximately 230,483 shares were traded during trading, a decline of 10% from the average daily volume of 255,798 shares. The stock had previously closed at C$0.23.

Banyan Gold Stock Up 8.9 %

The business has a 50-day simple moving average of C$0.20 and a 200-day simple moving average of C$0.20. The stock has a market cap of C$80.81 million, a P/E ratio of -16.71 and a beta of 1.59.

About Banyan Gold

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.