Banyan Gold (CVE:BYN) Shares Down 7.9% – Time to Sell?

Banyan Gold Corp. (CVE:BYN)’s share price was down 7.9% during mid-day trading on Thursday . The company traded as low as C$0.18 and last traded at C$0.18. Approximately 222,050 shares were traded during mid-day trading, an increase of 165% from the average daily volume of 83,938 shares. The stock had previously closed at C$0.19.

Banyan Gold Stock Performance

The business’s 50 day moving average is C$0.20 and its 200-day moving average is C$0.20. The stock has a market cap of C$60.83 million, a price-to-earnings ratio of -18.50 and a beta of 1.59.

Insider Activity at Banyan Gold

In other Banyan Gold news, Director Tara Christie bought 250,000 shares of the stock in a transaction on Friday, October 25th. The shares were bought 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.

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.