Banyan Gold (CVE:BYN) Hits New 1-Year High – What’s Next?

Banyan Gold Corp. (CVE:BYNGet Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$1.67 and last traded at C$1.66, with a volume of 453458 shares trading hands. The stock had previously closed at C$1.49.

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised shares of Banyan Gold from a “moderate buy” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Strong Buy” and a consensus price target of C$2.25.

Read Our Latest Stock Report on Banyan Gold

Banyan Gold Price Performance

The firm has a market capitalization of C$687.47 million, a P/E ratio of -110.71 and a beta of 2.65. The company has a fifty day moving average of C$1.39 and a 200 day moving average of C$1.22.

About Banyan Gold

(Get Free Report)

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.

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