Banyan Gold (CVE:BYN) Reaches New 1-Year High - Here's What Happened

Key Points

• Banyan Gold Corp. (CVE:BYN) reached a new 52-week high of C$0.77 during trading, closing at C$0.75 with a volume of over 1.26 million shares.
• The company's market capitalization stands at C$293.73 million, with a price-to-earnings ratio of -55.71, indicating losses.
• Banyan Gold is engaged in the exploration and development of precious metals, holding significant interests in multiple projects across Yukon Territory.

Banyan Gold Corp. (CVE:BYN - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$0.77 and last traded at C$0.75, with a volume of 1264290 shares. The stock had previously closed at C$0.70.

Banyan Gold Stock Performance

The firm has a market capitalization of C$282.55 million, a P/E ratio of -53.57 and a beta of 1.88. The company has a 50-day moving average price of C$0.44 and a 200-day moving average price of C$0.31.

Banyan Gold Company Profile

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.