Banyan Gold (CVE:BYN) Stock Price Up 1.4% – Here’s Why

Banyan Gold Corp. (CVE:BYN) was up 1.4% during mid-day trading on Wednesday . The company traded as high as C$1.50 and last traded at C$1.48. 413,635 shares changed hands during trading, a decline of 50% from the average session volume of 822,856 shares. The stock had previously closed at C$1.46.

Banyan Gold Price Performance

The firm’s 50 day moving average is C$1.40 and its 200 day moving average is C$1.27. The firm has a market cap of C$659.59 million, a P/E ratio of -105.71 and a beta of 2.66.

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.