TORONTO, ONTARIO — (Marketwire) — 07/26/11 — 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.
Contacts:
Byron Capital Markets
Robert Orviss
647-426-1668