Key Points
- Muddy Waters Capital purchased 733,400 Mayfair Gold shares at an average price of C$4.15, investing approximately C$3.04 million and increasing its position by 17.61% to 4,898,823 shares.
- Mayfair Gold shares opened at C$4.40, with a market capitalization of approximately C$295.4 million and a 52-week trading range of C$3.19 to C$6.65.
- Atrium Research upgraded the stock to “strong buy,” matching the current analyst consensus rating, as Mayfair advances its Fenn-Gib gold project in northern Ontario.
Mayfair Gold Corp. (CVE:MFG - Get Free Report) insider Muddy Waters Capital Llc bought 733,400 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The shares were bought at an average price of C$4.15 per share, with a total value of C$3,043,610.00. Following the transaction, the insider owned 4,898,823 shares of the company's stock, valued at C$20,330,115.45. The trade was a 17.61% increase in their position.
Mayfair Gold Stock Performance
Shares of CVE MFG opened at C$4.40 on Wednesday. The firm has a market capitalization of C$295.41 million, a price-to-earnings ratio of -13.75 and a beta of 0.24. Mayfair Gold Corp. has a 52-week low of C$3.19 and a 52-week high of C$6.65.
Analyst Upgrades and Downgrades
Separately, Atrium Research upgraded Mayfair Gold to a "strong-buy" rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Strong Buy".
Check Out Our Latest Report on MFG
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.
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