Banyan Gold Corp. (CVE:BYN – Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as C$1.92 and last traded at C$1.89, with a volume of 224035 shares trading hands. The stock had previously closed at C$1.85.
Banyan Gold Stock Up 3.0%
The firm has a fifty day moving average of C$1.52 and a 200-day moving average of C$1.37. The firm has a market cap of C$849.01 million, a P/E ratio of -136.07 and a beta of 2.70.
Insiders Place Their Bets
In other Banyan Gold news, Director David Rutt sold 50,000 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of C$1.50, for a total transaction of C$75,000.00. Following the transaction, the director directly owned 2,774,224 shares in the company, valued at approximately C$4,161,336. This represents a 1.77% decrease in their position. Over the last three months, insiders sold 170,000 shares of company stock worth $251,400. Insiders own 17.73% of the company’s stock.
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.
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