Byron Capital Markets

Byron Capital Markets

November 15, 2010 15:33 ET

Byron Capital Markets Initiates Grayd Resource Corporation With Buy Rating and C$2.60 Target Price

TORONTO, ONTARIO--(Marketwire - Nov. 15, 2010) - Byron Capital Markets, a division of Byron Securities Limited, is pleased to announce that it has initiated coverage today on Grayd Resource Corporation (TSX VENTURE:GYD) with a Buy rating and a target price of $2.60.

In this 19-page research report, mining analyst Drew Clark gives a comprehensive overview of the company, development work at their flagship La India gold project in Mexico, and the promising exploration potential of the company's nearby Tarachi project.

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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