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Banyan Gold (CVE:BYN) Trading Down 2.2% - Here's Why

Banyan Gold logo with Basic Materials background

Shares of Banyan Gold Corp. (CVE:BYN - Get Free Report) were down 2.2% during mid-day trading on Thursday . The company traded as low as C$0.22 and last traded at C$0.22. Approximately 286,474 shares changed hands during trading, an increase of 62% from the average daily volume of 177,044 shares. The stock had previously closed at C$0.23.

Banyan Gold Price Performance

The company has a market capitalization of C$78.91 million, a price-to-earnings ratio of -24.00 and a beta of 1.59. The firm has a fifty day simple moving average of C$0.20 and a 200 day simple moving average of C$0.20.

About Banyan Gold

(Get Free Report)

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.

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