Bayhorse Silver (CVE:BHS) Stock Price Up 10% – Should You Buy?

Shares of Bayhorse Silver Inc. (CVE:BHS) rose 10% on Friday . The company traded as high as C$0.11 and last traded at C$0.11. Approximately 726,854 shares traded hands during trading, a decline of 33% from the average daily volume of 1,086,068 shares. The stock had previously closed at C$0.10.

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 stock has a market cap of C$41.51 million, a PE ratio of -12.00 and a beta of 2.09. The business’s 50-day moving average price is C$0.11 and its 200-day moving average price is C$0.07.

Insider Transactions at Bayhorse Silver

In other news, insider Graeme O’neill sold 250,000 shares of the company’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of C$0.13, for a total transaction of C$32,500.00. Following the transaction, the insider directly owned 12,045,200 shares of the company’s stock, valued at approximately C$1,565,876. This represents a 2.03% decrease in their ownership of the stock. Corporate insiders own 4.74% of the company’s stock.

About Bayhorse Silver

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. It also entered into an option agreement to acquire an 80% interest in the Brandywine project located in British Colombia. The company was formerly known as Kent Exploration Inc and changed its name to Bayhorse Silver Inc in December 2013.