Banyan Gold (CVE:BYN) Stock Price Up 11.4% - Here's Why

Key Points

• Banyan Gold Corp. (CVE:BYN) saw its stock price rise by 11.4%, trading as high as C$0.80 and last at C$0.78.
• Trading volume surged to approximately 1,880,927 shares, representing a 266% increase from the average daily volume.
• The company has a market cap of C$293.73 million and focuses on the exploration and development of gold and silver deposits in the Yukon Territory.

Banyan Gold Corp. (CVE:BYN - )'s share price was up 11.4% during trading on Monday . The stock traded as high as C$0.80 and last traded at C$0.78. Approximately 1,880,927 shares were traded during trading, an increase of 266% from the average daily volume of 514,499 shares. The stock had previously closed at C$0.70.

Banyan Gold Trading Up 11.4%

The firm has a 50-day moving average of C$0.40 and a 200 day moving average of C$0.30. The company has a market cap of C$293.73 million, a P/E 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.