Banyan Gold (CVE:BYN) Reaches New 12-Month High – Here’s Why

Banyan Gold Corp. (CVE:BYN) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$2.04 and last traded at C$2.03, with a volume of 370920 shares traded. The stock had previously closed at C$1.98.

Banyan Gold Trading Up 1.5%

The stock has a market capitalization of C$896.34 million, a PE ratio of -502.50 and a beta of 2.80. The business’s 50 day moving average is C$1.61 and its 200 day moving average is C$1.43.

Insider Buying and Selling

In other Banyan Gold news, Director David Rutt sold 60,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at C$4,095,840.32. This represents a 2.05% decrease in their position. Over the last 90 days, insiders sold 170,000 shares of company stock valued at $251,400. Corporate insiders own 17.73% of the company’s stock.

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.