Banyan Gold (CVE:BYN) Trading Down 5.1% – Here’s What Happened

Banyan Gold Corp. (CVE:BYN)’s stock price was down 5.1% on Thursday . The company traded as low as C$0.19 and last traded at C$0.19. Approximately 425,700 shares traded hands during trading, an increase of 79% from the average daily volume of 238,434 shares. The stock had previously closed at C$0.20.

Banyan Gold Stock Performance

The firm has a 50 day simple moving average of C$0.22 and a two-hundred day simple moving average of C$0.22. The company has a market capitalization of C$60.83 million, a PE ratio of -18.50 and a beta of 1.59.

Insider Transactions at Banyan Gold

In related news, Director Tara Christie purchased 250,000 shares of the stock in a transaction dated Friday, October 25th. The shares were acquired at an average cost of C$0.22 per share, with a total value of C$55,000.00. Company 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.