Banyan Gold (CVE:BYN) Stock Price Down 0.6% - Should You Sell?

Key Points

• Banyan Gold Corp. (CVE:BYN) shares declined by 0.6% on Thursday, trading between C$0.33 and C$0.34 with a trading volume of 321,621 shares, down 26% from the average volume.
• The company has a market capitalization of C$111.49 million and a price-to-earnings ratio of -23.06, indicating a challenging profitability outlook.
• Banyan Gold is focused on the exploration and development of precious metals, owning projects in the Yukon Territory, including the AurMac and Hyland gold projects.

Banyan Gold Corp. (CVE:BYN - Get Free Report)'s stock price fell 0.6% during trading on Thursday . The company traded as low as C$0.33 and last traded at C$0.34. 321,621 shares changed hands during trading, a decline of 26% from the average session volume of 432,914 shares. The stock had previously closed at C$0.34.

Banyan Gold Stock Up 3.6%

The stock has a fifty day simple moving average of C$0.27 and a 200 day simple moving average of C$0.25. The firm has a market capitalization of C$115.45 million, a P/E ratio of -23.88 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.