Bayhorse Silver (CVE:BHS) Stock Price Up 20% – What’s Next?

Bayhorse Silver Inc. (CVE:BHS) shares shot up 20% on Monday. The company traded as high as C$0.06 and last traded at C$0.06. Approximately 180,002 shares changed hands during trading, a decline of 61% from the average daily volume of 466,038 shares. The stock had previously closed at C$0.05.

Bayhorse Silver Stock Up 20.0%

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’s fifty day moving average price is C$0.06 and its 200 day moving average price is C$0.06. The company has a market capitalization of C$25.06 million, a P/E ratio of -2.00 and a beta of 2.37.

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.