Banyan Gold (CVE:BYN) Hits New 52-Week High – Here’s What Happened
by Scott Moore · The Cerbat GemBanyan Gold Corp. (CVE:BYN – Get Free Report)’s stock price hit a new 52-week high on Monday . The company traded as high as C$1.35 and last traded at C$1.34, with a volume of 519667 shares traded. The stock had previously closed at C$1.29.
Analyst Ratings Changes
Separately, Canaccord Genuity Group set a C$2.25 price objective on shares of Banyan Gold and gave the company a “moderate buy” rating in a research note on Tuesday, December 16th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Banyan Gold presently has an average rating of “Buy” and an average target price of C$2.25.
Get Our Latest Stock Analysis on Banyan Gold
Banyan Gold Stock Down 6.2%
The stock has a market cap of C$499.04 million, a price-to-earnings ratio of -86.43 and a beta of 2.35. The company’s 50-day simple moving average is C$1.00 and its 200-day simple moving average is C$0.74.
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.