Banyan Gold (CVE:BYN) Hits New 1-Year High – Should You Buy?

Banyan Gold Corp. (CVE:BYN)’s stock price hit a new 52-week high on Monday . The company traded as high as C$1.92 and last traded at C$1.89, with a volume of 224035 shares changing hands. The stock had previously closed at C$1.85.

Banyan Gold Trading Up 3.0%

The business’s fifty day simple moving average is C$1.52 and its 200 day simple moving average is C$1.37. The stock has a market cap of C$849.01 million, a P/E ratio of -136.07 and a beta of 2.70.

Insider Activity

In other news, Director David Rutt sold 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of C$1.43, for a total transaction of C$85,800.00. Following the transaction, the director directly owned 2,864,224 shares in the company, valued at approximately C$4,095,840.32. This represents a 2.05% decrease in their ownership of the stock. Insiders have sold 170,000 shares of company stock worth $251,400 in the last quarter. 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.