Banyan Gold (CVE:BYN) Trading Down 3.9% – Here’s What Happened

Banyan Gold Corp. (CVE:BYN)’s stock price fell 3.9% during trading on Tuesday . The company traded as low as C$1.31 and last traded at C$1.35. 863,346 shares were traded during trading, a decline of 6% from the average session volume of 919,504 shares. The stock had previously closed at C$1.40.

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised Banyan Gold from a “moderate buy” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Strong Buy” and an average price target of C$2.25.

Banyan Gold Trading Down 3.9%

The business has a 50-day moving average price of C$1.32 and a two-hundred day moving average price of C$1.14. The firm has a market capitalization of C$557.03 million, a price-to-earnings ratio of -336.25 and a beta of 2.47.

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.