Banyan Gold Corp. (CVE:BYN – Get Free Report) shares reached a new 52-week high during trading on Thursday . The stock traded as high as C$1.81 and last traded at C$1.76, with a volume of 394142 shares. The stock had previously closed at C$1.73.
Banyan Gold Trading Up 1.7%
The stock has a 50-day simple moving average of C$1.44 and a two-hundred day simple moving average of C$1.34. The firm has a market capitalization of C$784.38 million, a P/E ratio of -125.71 and a beta of 2.70.
Insider Activity at Banyan Gold
In related news, Director David Rutt sold 60,000 shares of Banyan Gold stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of C$1.43, for a total value of C$85,800.00. Following the completion of the sale, the director directly owned 2,864,224 shares in the company, valued at C$4,095,840.32. The trade was a 2.05% decrease in their ownership of the stock. Insiders sold a total of 170,000 shares of company stock worth $251,400 in the last 90 days. Company 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.
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