Banyan Gold (CVE:BYN) Reaches New 12-Month 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.

Shares of Banyan Gold Corp. (CVE:BYN - ) reached a new 52-week high during 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 changing hands. The stock had previously closed at C$0.70.

Banyan Gold Price Performance

The firm's 50-day moving average price is C$0.39 and its 200 day moving average price is C$0.29. The firm has a market capitalization of C$293.73 million, a price-to-earnings ratio of -55.71 and a beta of 1.88.

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.

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