Banyan Gold (CVE:BYN) Shares Down 10.1% - What's Next?

Key Points

• Banyan Gold Corp.'s stock fell by 10.1%, reaching a low of C$0.70, during mid-day trading with a trading volume significantly increased to 1,355,534 shares.
• The company's market capitalization is C$267.48 million, with a P/E ratio of -50.71 and a beta of 1.98, indicating higher volatility compared to the market.
• Banyan Gold is involved in the exploration and development of precious metals, particularly gold and silver, holding significant interests in multiple projects across the Yukon Territory.

Banyan Gold Corp. (CVE:BYN - )'s stock price fell 10.1% during trading on Tuesday . The company traded as low as C$0.70 and last traded at C$0.71. 1,355,534 shares traded hands during mid-day trading, an increase of 124% from the average session volume of 605,044 shares. The stock had previously closed at C$0.79.

Banyan Gold Stock Performance

The firm has a market cap of C$267.48 million, a P/E ratio of -50.71 and a beta of 1.98. The business's 50-day simple moving average is C$0.66 and its 200 day simple moving average is C$0.40.

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.

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