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Banyan Gold (CVE:BYN) Sets New 12-Month High - Should You Buy?

Banyan Gold logo with Basic Materials background

Key Points

  • Banyan Gold Corp. (CVE:BYN) reached a new 52-week high, trading as high as C$0.40 during mid-day trading, closing at C$0.39.
  • The company has a market capitalization of C$133.59 million and engages in the exploration and development of precious metals, including gold and silver.
  • Banyan Gold holds significant interests in multiple projects in Yukon, including the AurMac, Hyland, and Nitra gold projects.
  • MarketBeat previews the top five stocks to own by October 1st.

Banyan Gold Corp. (CVE:BYN - Get Free Report) hit a new 52-week high on Friday . The company traded as high as C$0.40 and last traded at C$0.39, with a volume of 1351880 shares. The stock had previously closed at C$0.36.

Banyan Gold Stock Up 6.3%

The firm has a market cap of C$138.53 million, a P/E ratio of -28.65 and a beta of 1.59. The business's 50 day moving average is C$0.30 and its two-hundred day moving average is C$0.26.

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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