Banyan Gold (CVE:BYN) Stock Price Down 2.1% - Should You Sell?

Banyan Gold Corp. (CVE:BYN - Get Free Report) was down 2.1% during mid-day trading on Wednesday . The stock traded as low as C$0.23 and last traded at C$0.23. Approximately 407,220 shares traded hands during trading, an increase of 11% from the average daily volume of 365,446 shares. The stock had previously closed at C$0.24.

Banyan Gold Price Performance

The stock's 50 day simple moving average is C$0.25 and its two-hundred day simple moving average is C$0.22. The firm has a market cap of C$74.21 million, a P/E ratio of -15.35 and a beta of 1.59.

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.