Banyan Gold (CVE:BYN) Trading Up 2.6% – What’s Next?

Shares of Banyan Gold Corp. (CVE:BYN) traded up 2.6% during trading on Monday . The stock traded as high as C$0.20 and last traded at C$0.20. 51,000 shares traded hands during trading, a decline of 21% from the average session volume of 64,267 shares. The stock had previously closed at C$0.19.

Banyan Gold Price Performance

The stock’s 50 day simple moving average is C$0.20 and its two-hundred day simple moving average is C$0.20. The stock has a market cap of C$64.11 million, a P/E ratio of -19.50 and a beta of 1.59.

Insider Activity

In related news, Director Tara Christie bought 250,000 shares of Banyan Gold stock in a transaction that occurred on Friday, October 25th. The stock was acquired at an average price of C$0.22 per share, with a total value of C$55,000.00. 17.73% of the stock is owned by corporate insiders.

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.