Mayfair Gold (NYSEAMERICAN:MINE) Stock Price Down 2% – Here’s Why

Mayfair Gold Corp. (NYSEAMERICAN:MINE) shares fell 2% on Tuesday . The company traded as low as $2.83 and last traded at $2.88. 87,978 shares were traded during trading, a decline of 62% from the average daily volume of 229,113 shares. The stock had previously closed at $2.94.

Wall Street Analyst Weigh In

Separately, Atrium Research upgraded Mayfair Gold to a “strong-buy” rating in a research note on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Mayfair Gold Stock Performance

The firm has a 50-day simple moving average of $2.76 and a two-hundred day simple moving average of $2.91.

Mayfair Gold Company Profile

Mayfair Gold Corp. is a mineral exploration and development company focused on advancing gold properties in Canada. The company’s primary asset is the Fenn-Gib gold project, located in the Timmins gold camp of Ontario, a well-established mining region with extensive infrastructure and a long history of gold production.

Mayfair Gold holds a 100% interest in the Fenn-Gib project, which hosts a large, disseminated gold system. The company’s activities include geological mapping, drilling, resource evaluation, metallurgical testing, and engineering studies intended to assess and advance the project’s development potential.

Mayfair Gold is an exploration-stage company and does not operate producing mines or sell commercial products.