Bayhorse Silver (CVE:BHS) Trading Up 20% – Time to Buy?

Shares of Bayhorse Silver Inc. (CVE:BHS) were up 20% during mid-day trading on Wednesday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 417,089 shares were traded during mid-day trading, an increase of 22% from the average daily volume of 342,921 shares. The stock had previously closed at C$0.05.

Bayhorse Silver Trading Down 8.3 %

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 50-day simple moving average of C$0.04 and a 200 day simple moving average of C$0.05. The company has a market cap of C$15.55 million, a price-to-earnings ratio of -6.00 and a beta of 2.47.

Insider Transactions at Bayhorse Silver

In other news, Senior Officer Graeme O’neill sold 2,000,000 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of C$0.04, for a total value of C$80,000.00. 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.