Mayfair Gold (CVE:MFG) Insider Buys C$3,043,610.00 in Stock

Mayfair Gold Corp. (CVE:MFG) insider Muddy Waters Capital Llc bought 733,400 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was bought at an average cost of C$4.15 per share, with a total value 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 represents a 17.61% increase in their position.

Mayfair Gold Stock Up 8.0%

Mayfair Gold stock opened at C$4.59 on Friday. The company has a market cap of C$308.16 million, a P/E ratio of -14.34 and a beta of 0.24. Mayfair Gold Corp. has a one year low of C$3.19 and a one year high of C$6.65.

Wall Street Analysts Forecast Growth

Separately, Atrium Research raised Mayfair Gold to a “strong-buy” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company presently has a consensus 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.