Banyan Gold (CVE:BYN) Shares Down 5.1% – Here’s What Happened

Banyan Gold Corp. (CVE:BYN)’s share price was down 5.1% during mid-day trading on Thursday . The stock traded as low as C$0.19 and last traded at C$0.19. Approximately 425,700 shares traded hands during trading, an increase of 79% from the average daily volume of 238,434 shares. The stock had previously closed at C$0.20.

Banyan Gold Price Performance

The company’s fifty day moving average is C$0.22 and its 200-day moving average is C$0.22. The stock has a market cap of C$60.83 million, a PE ratio of -18.50 and a beta of 1.59.

Insider Buying and Selling

In other news, Director Tara Christie purchased 250,000 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were bought at an average price of C$0.22 per share, for a total transaction of C$55,000.00. 17.73% of the stock is currently owned by corporate insiders.

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.