Separately, BMO Capital Markets downgraded Guyana Goldfields from an outperform rating to a market perform rating and cut their price target for the stock from C$5.00 to C$3.75 in a research note on Wednesday.
Shares of Guyana Goldfields stock traded up C$0.05 during midday trading on Wednesday, hitting C$1.82. The company had a trading volume of 1,081,283 shares, compared to its average volume of 644,318. Guyana Goldfields has a 52-week low of C$1.29 and a 52-week high of C$5.42.
In other Guyana Goldfields news, Director Scott Andrew Caldwell acquired 30,000 shares of the stock in a transaction that occurred on Thursday, August 16th. The shares were acquired at an average cost of C$2.92 per share, with a total value of C$87,600.00. Also, insider Christopher Stackhouse acquired 13,000 shares of the stock in a transaction that occurred on Tuesday, August 14th. The stock was acquired at an average cost of C$3.87 per share, for a total transaction of C$50,310.00. Insiders purchased a total of 1,902,600 shares of company stock worth $5,582,126 over the last ninety days.
Guyana Goldfields Company Profile
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.
Receive News & Ratings for Guyana Goldfields Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guyana Goldfields and related companies with MarketBeat.com's FREE daily email newsletter.