Banyan Gold (CVE:BYN) Shares Down 7.9% – Should You Sell?

Banyan Gold Corp. (CVE:BYN) was down 7.9% during trading on Thursday . The company traded as low as C$0.18 and last traded at C$0.18. Approximately 222,050 shares traded hands during trading, an increase of 165% from the average daily volume of 83,938 shares. The stock had previously closed at C$0.19.

Banyan Gold Stock Performance

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

Insider Transactions at Banyan Gold

In other news, Director Tara Christie acquired 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, with a total value of C$55,000.00. Corporate 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.