Mayfair Gold (CVE:MFG) Stock: Insider Jean Francois Metail Acquires 20,000 Shares

Mayfair Gold Corp. (CVE:MFG) insider Jean Francois Metail acquired 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were acquired at an average cost of C$3.49 per share, for a total transaction of C$69,800.00. Following the acquisition, the insider directly owned 20,000 shares of the company’s stock, valued at C$69,800. This trade represents a ∞ increase in their ownership of the stock.

Mayfair Gold Price Performance

CVE:MFG opened at C$3.48 on Wednesday. Mayfair Gold Corp. has a 1 year low of C$3.06 and a 1 year high of C$6.65. The business has a fifty day simple moving average of C$3.73. The stock has a market capitalization of C$241.81 million, a PE ratio of -10.88 and a beta of 0.65.

Analyst Upgrades and Downgrades

Separately, Atrium Research upgraded shares of Mayfair Gold to a “strong-buy” rating in a research report on Monday, August 24th. One research analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Mayfair Gold Corp. is a Canadian mineral exploration and development company focused on advancing gold assets in Canada. The company’s primary project is the Fenn-Gib gold project, located in the Timmins Gold Camp of northern Ontario, a region with a long history of gold mining and established infrastructure. Fenn-Gib is a large-scale gold exploration project covering a substantial land position along the Porcupine-Destor Fault Zone. Mayfair Gold is focused on exploration, resource definition, technical studies and project development activities intended to evaluate the project’s potential for future mining.