Banyan Gold (CVE:BYN) Upgraded at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Banyan Gold (CVE:BYN) from a moderate buy rating to a strong-buy rating in a report released on Tuesday morning,Zacks.com reports.

Banyan Gold Price Performance

BYN stock opened at C$1.32 on Tuesday. The firm has a market cap of C$544.41 million, a PE ratio of -330.00 and a beta of 2.42. Banyan Gold has a 12 month low of C$0.20 and a 12 month high of C$1.51. The firm has a 50 day simple moving average of C$1.15 and a 200 day simple moving average of C$0.91.

Banyan Gold Company Profile

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.