Banyan Gold (CVE:BYN) Trading 2.6% Higher – Here’s What Happened

Shares of Banyan Gold Corp. (CVE:BYN) shot up 2.6% during mid-day trading on Monday . The company traded as high as C$0.20 and last traded at C$0.20. 51,000 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 64,267 shares. The stock had previously closed at C$0.19.

Banyan Gold Trading Up 2.6 %

The company has a market capitalization of C$64.11 million, a PE ratio of -19.50 and a beta of 1.59. The stock’s fifty day moving average is C$0.20 and its two-hundred day moving average is C$0.20.

Insider Activity

In related news, Director Tara Christie purchased 250,000 shares of the firm’s stock in a transaction on Friday, October 25th. The shares were acquired at an average cost of C$0.22 per share, with a total value of C$55,000.00. Insiders own 17.73% of the company’s stock.

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.