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

Banyan Gold Corp. (CVE:BYN) shares dropped 5.1% on Thursday . The company traded as low as C$0.19 and last traded at C$0.19. Approximately 425,700 shares were traded 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 Stock Down 5.1 %

The stock has a market capitalization of C$60.83 million, a price-to-earnings ratio of -18.50 and a beta of 1.59. The business’s 50-day moving average is C$0.22 and its two-hundred day moving average is C$0.22.

Insider Buying and Selling

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