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Banyan Gold (CVE:BYN) Hits New 1-Year High - What's Next?

Banyan Gold logo with Basic Materials background

Key Points

  • Banyan Gold Corp. shares reached a new 52-week high of C$0.84 before closing at C$0.80, with a significant trading volume of over 2.14 million shares.
  • The company's market capitalization stands at C$301.38 million, and it features a price-to-earnings ratio of -57.14, indicating it is not currently profitable.
  • Banyan Gold is actively engaged in the exploration and development of precious metals, holding 100% interest in several projects in Yukon Territory, including the AurMac and Hyland gold projects.
  • Five stocks to consider instead of Banyan Gold.

Banyan Gold Corp. (CVE:BYN - Get Free Report) shares reached a new 52-week high on Thursday . The stock traded as high as C$0.84 and last traded at C$0.80, with a volume of 2140723 shares traded. The stock had previously closed at C$0.76.

Banyan Gold Stock Up 5.3%

The business's fifty day moving average is C$0.63 and its 200 day moving average is C$0.39. The firm has a market capitalization of C$301.38 million, a price-to-earnings ratio of -57.14 and a beta of 1.98.

Banyan Gold Company Profile

(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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