Banyan Gold (CVE:BYN) Stock Price Down 2.6% – Here’s Why

Shares of Banyan Gold Corp. (CVE:BYN) were down 2.6% during mid-day trading on Thursday . The company traded as low as C$0.18 and last traded at C$0.19. Approximately 155,000 shares changed hands during mid-day 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 Price Performance

The business has a 50-day moving average of C$0.20 and a 200 day moving average of C$0.20. The company has a market cap of C$57.54 million, a PE ratio of -17.50 and a beta of 1.59.

Insider Activity

In other Banyan Gold news, Director Tara Christie purchased 250,000 shares of the company’s stock in a transaction dated 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. Insiders own 17.73% of the company’s stock.

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.