Mayfair Gold (CVE:MFG) Insider Jean Francois Metail Purchases 20,000 Shares of Stock

Mayfair Gold Corp. (CVE:MFG) insider Jean Francois Metail purchased 20,000 shares of the stock in a transaction dated Tuesday, November 3rd. The shares were bought at an average price of C$3.49 per share, for a total transaction of C$69,800.00. Following the completion of the acquisition, the insider owned 20,000 shares in the company, valued at C$69,800. This represents a ? increase in their ownership of the stock.

Mayfair Gold Stock Up 2.1%

CVE:MFG opened at C$3.47 on Tuesday. The stock has a 50 day moving average price of C$3.75. Mayfair Gold Corp. has a 52 week low of C$3.06 and a 52 week high of C$6.65. The firm has a market capitalization of C$241.11 million, a P/E ratio of -10.84 and a beta of 0.65.

Wall Street Analysts Forecast Growth

Separately, Atrium Research raised Mayfair Gold to a “strong-buy” rating in a research report on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Mayfair Gold Corp. is a Canadian mineral exploration and development company focused on advancing gold assets in Canada. The company’s primary project is the Fenn-Gib gold project, located in the Timmins Gold Camp of northern Ontario, a region with a long history of gold mining and established infrastructure.

Fenn-Gib is a large-scale gold exploration project covering a substantial land position along the Porcupine-Destor Fault Zone. Mayfair Gold is focused on exploration, resource definition, technical studies and project development activities intended to evaluate the project’s potential for future mining.