Banyan Gold (CVE:BYN) Shares Down 3.7% - Should You Sell?

Banyan Gold Corp. (CVE:BYN - Get Free Report)'s stock price dropped 3.7% on Wednesday . The company traded as low as C$0.26 and last traded at C$0.26. Approximately 921,019 shares traded hands during trading, an increase of 145% from the average daily volume of 375,448 shares. The stock had previously closed at C$0.27.

Banyan Gold Trading Up 1.9%

The stock has a market capitalization of C$87.41 million, a price-to-earnings ratio of -18.08 and a beta of 1.59. The stock's 50 day moving average is C$0.24 and its 200 day moving average is C$0.23.

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.