Bayhorse Silver (CVE:BHS) Shares Up 33.3% – Still a Buy?

Shares of Bayhorse Silver Inc. (CVE:BHSGet Free Report) were up 33.3% during trading on Friday . The company traded as high as C$0.09 and last traded at C$0.08. Approximately 1,629,736 shares traded hands during mid-day trading, an increase of 373% from the average daily volume of 344,819 shares. The stock had previously closed at C$0.06.

Bayhorse Silver Stock Performance

The company has a current ratio of 0.59, a quick ratio of 0.16 and a debt-to-equity ratio of 503.12. The company has a market cap of C$22.62 million, a PE ratio of -8.00 and a beta of 2.47. The firm’s 50-day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.05.

Insider Activity

In other news, Senior Officer Graeme O’neill sold 650,000 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of C$0.04, for a total value of C$26,000.00. Corporate insiders own 4.74% of the company’s stock.

About Bayhorse Silver

(Get Free Report)

Bayhorse Silver Inc, a junior natural resource company, engages in the acquisition, exploration, and development of natural resource properties. It explores for silver, gold, zinc, copper, antimony, lead, and other metals. The company holds a 100% interest in the Bayhorse Silver Mine Property located in Baker County, Oregon.

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