Banyan Gold (CVE:BYN) Stock Price Up 15.2% - Should You Buy?

Key Points

• Banyan Gold Corp. (CVE:BYN) experienced a significant stock price increase of 15.2% on Monday, reaching a last traded price of C$0.53.
• The company has a market cap of C$171.52 million and a price-to-earnings ratio of -35.47, indicating it is currently operating at a loss.
• Banyan Gold is engaged in the exploration and development of precious metals, holding multiple projects in the Yukon Territory, including the AurMac project and the Hyland gold project.

Banyan Gold Corp. (CVE:BYN - ) rose 15.2% on Monday . The stock traded as high as C$0.54 and last traded at C$0.53. Approximately 1,266,207 shares traded hands during trading, an increase of 179% from the average daily volume of 454,248 shares. The stock had previously closed at C$0.46.

Banyan Gold Stock Performance

The firm has a market cap of C$171.52 million, a price-to-earnings ratio of -35.47 and a beta of 1.59. The firm has a 50-day moving average price of C$0.31 and a two-hundred day moving average price of C$0.26.

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.