Mayfair Gold (CVE:MFG) Insider Purchases C$69,800.00 in Stock

Mayfair Gold Corp. (CVE:MFG) insider Jean Francois Metail bought 20,000 shares of Mayfair Gold stock in a transaction dated Tuesday, November 3rd. The stock was acquired at an average cost of C$3.49 per share, with a total value of C$69,800.00. Following the completion of the acquisition, the insider directly owned 20,000 shares of the company’s stock, valued at approximately C$69,800. The trade was a ∞ increase in their position.

Mayfair Gold Stock Down 2.0%

Shares of MFG opened at C$3.41 on Thursday. Mayfair Gold Corp. has a fifty-two week low of C$3.06 and a fifty-two week high of C$6.65. The firm has a market capitalization of C$236.94 million, a P/E ratio of -10.66 and a beta of 0.65. The business’s 50-day simple moving average is C$3.72.

Wall Street Analysts Forecast Growth

Separately, Atrium Research raised Mayfair Gold to a “strong-buy” rating in a research note on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat.com, Mayfair Gold currently has a consensus 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.