Mayfair Gold (CVE:MFG) Insider Muddy Waters Capital Llc Buys 733,400 Shares

Mayfair Gold Corp. (CVE:MFG) insider Muddy Waters Capital Llc bought 733,400 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was bought at an average cost of C$4.15 per share, for a total transaction of C$3,043,610.00. Following the completion of the acquisition, the insider owned 4,898,823 shares in the company, valued at C$20,330,115.45. This trade represents a 17.61% increase in their position.

Mayfair Gold Price Performance

CVE:MFG opened at C$4.40 on Wednesday. Mayfair Gold Corp. has a 52-week low of C$3.19 and a 52-week high of C$6.65. The stock has a market cap of C$295.41 million, a price-to-earnings ratio of -13.75 and a beta of 0.24.

Wall Street Analyst Weigh In

Separately, Atrium Research upgraded Mayfair Gold to a “strong-buy” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Mayfair Gold presently 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.