Banyan Gold (CVE:BYN) Reaches New 12-Month High – What’s Next?

Banyan Gold Corp. (CVE:BYN)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$1.67 and last traded at C$1.64, with a volume of 119632 shares. The stock had previously closed at C$1.52.

Banyan Gold Trading Up 6.5%

The company has a market cap of C$735.36 million, a P/E ratio of -117.86 and a beta of 2.70. The business has a 50 day moving average price of C$1.40 and a 200-day moving average price of C$1.32.

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.