Bayhorse Silver (CVE:BHS) Shares Up 10% – What’s Next?

Bayhorse Silver Inc. (CVE:BHS)’s share price traded up 10% on Friday . The stock traded as high as C$0.12 and last traded at C$0.11. 505,454 shares were traded during trading, a decline of 42% from the average session volume of 867,136 shares. The stock had previously closed at C$0.10.

Bayhorse Silver Price Performance

The firm has a 50 day moving average price of C$0.12 and a 200 day moving average price of C$0.08. The stock has a market capitalization of C$41.51 million, a PE ratio of -12.00 and a beta of 1.92. The company has a current ratio of 0.59, a quick ratio of 0.16 and a debt-to-equity ratio of 503.12.

Insider Buying and Selling

In related news, insider Graeme O’neill sold 250,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 12,045,200 shares in the company, valued at approximately C$1,565,876. The trade was a 2.03% decrease in their position. Insiders bought a total of 309,500 shares of company stock valued at $28,855 in the last three months. Corporate 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. 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.