Mayfair Gold (NYSEAMERICAN:MINE) Shares Down 3.3% – Here’s What Happened

Mayfair Gold Corp. (NYSEAMERICAN:MINE) traded down 3.3% during mid-day trading on Monday. The stock traded as low as $2.31 and last traded at $2.31. Approximately 64,394 shares were traded during trading, a decline of 66% from the average session volume of 188,462 shares. The stock had previously closed at $2.39.

Analysts Set New Price Targets

Separately, Atrium Research upgraded shares of Mayfair Gold to a “strong-buy” rating in a research report on Monday, August 24th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Mayfair Gold has an average rating of “Buy”.

Mayfair Gold Trading Down 0.4%

The business’s fifty day moving average is $2.81 and its 200 day moving average is $2.87.

Mayfair Gold Company Profile

Mayfair Gold Corp. is a Canadian mineral exploration and development company focused on gold assets in Ontario, Canada. The company’s primary project is the Fenn-Gib gold project, a large exploration property located in the Timmins Gold District, one of Canada’s established gold-producing regions.

Mayfair Gold is advancing Fenn-Gib through exploration, resource definition, technical studies and project evaluation. Its activities include drilling, geological modeling, metallurgical testing and other work intended to assess the project’s potential for future development.