Bayhorse Silver (CVE:BHS) Trading Down 11.1% – Here’s Why

Bayhorse Silver Inc. (CVE:BHS) shares dropped 11.1% during trading on Saturday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 300,000 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 320,146 shares. The stock had previously closed at C$0.05.

Bayhorse Silver Trading Down 11.1 %

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 business has a 50 day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.05. The stock has a market cap of C$11.31 million, a price-to-earnings ratio of -4.00 and a beta of 2.47.

Insider Activity

In related news, Senior Officer Graeme O’neill sold 3,000,000 shares of the business’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of C$0.05, for a total value of C$150,000.00. In the last three months, insiders acquired 245,000 shares of company stock worth $11,150 and sold 3,350,000 shares worth $173,750. Company insiders own 4.74% of the company’s stock.

Bayhorse Silver Company Profile

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.