Banyan Gold (CVE:BYN) Shares Down 7.9% – Should You Sell?

Banyan Gold Corp. (CVE:BYN)’s share price dropped 7.9% on Thursday . The stock traded as low as C$0.18 and last traded at C$0.18. Approximately 222,050 shares traded hands during trading, an increase of 165% from the average daily volume of 83,938 shares. The stock had previously closed at C$0.19.

Banyan Gold Price Performance

The firm has a 50-day simple moving average of C$0.20 and a two-hundred day simple moving average of C$0.20. The company has a market cap of C$60.83 million, a PE ratio of -18.50 and a beta of 1.59.

Insiders Place Their Bets

In other Banyan Gold news, Director Tara Christie acquired 250,000 shares of the stock in a transaction dated Friday, October 25th. The stock was acquired at an average price of C$0.22 per share, with a total value of C$55,000.00. 17.73% of the stock is currently owned by company 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.