Banyan Gold (CVE:BYN) Sets New 12-Month High – Still a Buy?

Banyan Gold Corp. (CVE:BYN)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$1.81 and last traded at C$1.76, with a volume of 394142 shares trading hands. The stock had previously closed at C$1.73.

Banyan Gold Price Performance

The company has a fifty day simple moving average of C$1.46 and a 200 day simple moving average of C$1.34. The firm has a market capitalization of C$779.93 million, a P/E ratio of -125.00 and a beta of 2.70.

Insider Activity

In related news, Director David Rutt sold 60,000 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of C$1.43, for a total value of C$85,800.00. Following the transaction, the director owned 2,864,224 shares in the company, valued at C$4,095,840.32. The trade was a 2.05% decrease in their position. Over the last ninety days, insiders sold 170,000 shares of company stock valued at $251,400. 17.73% of the stock is owned by insiders.

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.