Banyan Gold (CVE:BYN) Sets New 12-Month High – Here’s What Happened
by Scott Moore · The Cerbat GemShares of Banyan Gold Corp. (CVE:BYN – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$1.11 and last traded at C$1.08, with a volume of 1210064 shares trading hands. The stock had previously closed at C$1.03.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group set a C$2.25 price objective on Banyan Gold and gave the company a “moderate buy” rating in a report on Tuesday, December 16th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$2.25.
Get Our Latest Stock Analysis on Banyan Gold
Banyan Gold Stock Up 3.9%
The firm has a market capitalization of C$441.30 million, a P/E ratio of -76.43 and a beta of 2.35. The business’s 50 day moving average is C$0.89 and its 200-day moving average is C$0.65.
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.