Banyan Gold (CVE:BYN) Shares Up 11.1% – Still a Buy?

Banyan Gold Corp. (CVE:BYNGet Free Report)’s share price shot up 11.1% during trading on Wednesday . The company traded as high as C$0.90 and last traded at C$0.90. 388,415 shares were traded during trading, a decline of 36% from the average session volume of 607,349 shares. The stock had previously closed at C$0.81.

Banyan Gold Trading Down 1.2%

The company has a market capitalization of C$346.44 million, a PE ratio of -60.00 and a beta of 2.14. The company has a fifty day simple moving average of C$0.75 and a 200-day simple moving average of C$0.47.

About Banyan Gold

(Get Free Report)

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.

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