Banyan Gold (CVE:BYN) Stock Price Down 7.9% – Here’s Why

Shares of Banyan Gold Corp. (CVE:BYN) fell 7.9% during mid-day trading on Thursday . The company traded as low as C$0.18 and last traded at C$0.18. 222,050 shares traded hands during trading, an increase of 165% from the average session volume of 83,938 shares. The stock had previously closed at C$0.19.

Banyan Gold Stock Down 5.3 %

The company has a 50-day moving average price of C$0.20 and a 200-day moving average price of C$0.20. The company has a market capitalization of C$59.18 million, a price-to-earnings ratio of -18.00 and a beta of 1.59.

Insider Buying and Selling at Banyan Gold

In related news, Director Tara Christie bought 250,000 shares of Banyan Gold stock in a transaction that occurred on Friday, October 25th. The stock was acquired at an average price of C$0.22 per share, for a total transaction of C$55,000.00. 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.