Banyan Gold (CVE:BYN) Hits New 1-Year High – Still a Buy?

Shares of Banyan Gold Corp. (CVE:BYN ) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$2.04 and last traded at C$2.03, with a volume of 370920 shares trading hands. The stock had previously closed at C$1.98. The business's 50 day simple moving average is C$1.61 and its 200 day simple moving average is C$1.43. The firm has a market capitalization of C$896.34 million, a PE ratio of -502.50 and a beta of 2.80. In other Banyan Gold news, Director David Rutt sold 60,000 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of C$1.43, for a total transaction of C$85,800.00. Following the sale, the director directly owned 2,864,224 shares of the company's stock, valued at C$4,095,840.32. The trade was a 2.05% decrease in their ownership of the stock. Insiders sold a total of 170,000 shares of company stock valued at $251,400 in the last ninety days. Company insiders own 17.73% of the company's stock. 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.