Byron Capital Markets

Byron Capital Markets

July 26, 2011 08:37 ET

Byron Capital Markets' Brian Szeto Initiates Grayd Resource Corp at "Speculative Buy" With C$2.75 Target

TORONTO, ONTARIO--(Marketwire - July 26, 2011) - Byron Capital Markets Ltd. is pleased to announce that mining analyst Brian Szeto has initiated coverage today on Grayd Resource Corp. (TSX VENTURE:GYD) with a Speculative Buy rating and a target price of $2.75.

In this 20-page research report, Brian gives a comprehensive overview of the company, with specific focus on the development, expansion and de-risking of their flagship La India gold project and the Tarachi exploration project, both located in the Sierra Madre gold belt in Mexico.

This report further exemplifies Byron Capital Markets' continuing commitment to research and, in particular, its ongoing efforts in the gold and mining sectors.

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