Guyana Goldfields (GUY) Trading Up 6.8%

Shares of Guyana Goldfields Inc. (TSE:GUY) were up 6.8% during trading on Thursday . The company traded as high as C$1.98 and last traded at C$1.89. Approximately 638,108 shares changed hands during trading, a decline of 1% from the average daily volume of 641,837 shares. The stock had previously closed at C$1.77.

A number of analysts have commented on GUY shares. BMO Capital Markets downgraded shares of Guyana Goldfields from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from C$5.00 to C$3.75 in a research report on Wednesday. TD Securities dropped their price target on shares of Guyana Goldfields from C$4.00 to C$3.25 and set a “hold” rating on the stock in a research report on Wednesday.

In other Guyana Goldfields news, Director Scott Andrew Caldwell bought 30,000 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The shares were acquired at an average cost of C$2.92 per share, for a total transaction of C$87,600.00. Also, insider Baupost Group L.L.C. The bought 24,200 shares of the company’s stock in a transaction that occurred on Friday, October 5th. The stock was acquired at an average price of C$2.99 per share, for a total transaction of C$72,358.00. Insiders have acquired a total of 1,902,600 shares of company stock worth $5,582,126 over the last 90 days.

About Guyana Goldfields (TSE:GUY)

Guyana Goldfields Inc engages in the investment, acquisition, exploration, development, and operation of gold properties in Guyana, South America. It primarily owns a 100% interest in the Aurora gold project located in Guyana. The company also holds a contiguous 216,995 acre land package located in the Aranka district of Guyana.

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