Mayfair Gold Corp. (CVE:MFG – Get Free Report) insider Muddy Waters Capital Llc purchased 733,400 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was acquired at an average price of C$4.15 per share, for a total transaction of C$3,043,610.00. Following the completion of the transaction, the insider owned 4,898,823 shares of the company’s stock, valued at C$20,330,115.45. This represents a 17.61% increase in their position.
Mayfair Gold Price Performance
Shares of CVE MFG opened at C$4.25 on Thursday. Mayfair Gold Corp. has a twelve month low of C$3.19 and a twelve month high of C$6.65. The stock has a market capitalization of C$285.34 million, a price-to-earnings ratio of -13.28 and a beta of 0.24.
Wall Street Analyst Weigh In
Separately, Atrium Research upgraded shares of Mayfair Gold to a “strong-buy” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Mayfair Gold currently has an average rating of “Strong Buy”.
Mayfair Gold Corp. is a Canadian mineral exploration and development company focused on advancing gold assets in Canada. The company’s primary project is the Fenn-Gib gold project, located in the Timmins Gold Camp of northern Ontario, a region with a long history of gold mining and established infrastructure.
Fenn-Gib is a large-scale gold exploration project covering a substantial land position along the Porcupine-Destor Fault Zone. Mayfair Gold is focused on exploration, resource definition, technical studies and project development activities intended to evaluate the project’s potential for future mining.
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