Banyan Gold (CVE:BYN) Director Sells 60,000 Shares of Stock

Banyan Gold Corp. (CVE:BYN) Director David Rutt sold 60,000 shares of Banyan Gold stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of C$1.43, for a total value of C$85,800.00. Following the transaction, the director owned 2,864,224 shares in the company, valued at approximately C$4,095,840.32. This represents a 2.05% decrease in their ownership of the stock.

David Rutt also recently made the following trade(s):

• On Tuesday, August 4th, David Rutt sold 40,000 shares of Banyan Gold stock. The shares were sold at an average price of C$1.44, for a total value of C$57,600.00.
• On Wednesday, August 5th, David Rutt sold 50,000 shares of Banyan Gold stock. The shares were sold at an average price of C$1.50, for a total value of C$75,000.00.
• On Wednesday, August 5th, David Rutt sold 5,000 shares of Banyan Gold stock. The stock was sold at an average price of C$1.52, for a total value of C$7,600.00.
• On Friday, August 7th, David Rutt sold 5,000 shares of Banyan Gold stock. The stock was sold at an average price of C$1.68, for a total value of C$8,400.00.
• On Friday, August 7th, David Rutt sold 10,000 shares of Banyan Gold stock. The stock was sold at an average price of C$1.70, for a total value of C$17,000.00.

Banyan Gold Trading Up 12.3%

Shares of CVE:BYN traded up C$0.19 during trading on Friday, hitting C$1.74. 1,291,452 shares of the company’s stock traded hands, compared to its average volume of 789,439. Banyan Gold Corp. has a 52 week low of C$0.35 and a 52 week high of C$1.74. The company has a market cap of C$775.47 million, a price-to-earnings ratio of -124.29 and a beta of 2.70. The company has a 50-day moving average price of C$1.41 and a 200-day moving average price of C$1.33.

About Banyan Gold

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.