Banyan Gold (CVE:BYN) Trading 10.9% Higher - Here's Why

Key Points

• Banyan Gold Corp. shares rose by 10.9% during mid-day trading, reaching a peak of C$0.54 and last trading at C$0.51.
• The trading volume increased by 234% compared to the average session, with 1,524,038 shares changing hands.
• Banyan Gold holds a market capitalization of C$178.12 million and focuses on the exploration and development of gold and silver deposits in the Yukon Territory.

Banyan Gold Corp. (CVE:BYN - ) shares traded up 10.9% during mid-day trading on Monday . The stock traded as high as C$0.54 and last traded at C$0.51. 1,524,038 shares changed hands during mid-day trading, an increase of 234% from the average session volume of 455,896 shares. The stock had previously closed at C$0.46.

Banyan Gold Price Performance

The firm has a market capitalization of C$178.12 million, a price-to-earnings ratio of -36.84 and a beta of 1.59. The company's 50-day moving average is C$0.31 and its 200-day moving average is 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.

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