Bayhorse Silver (CVE:BHS) Trading Up 22.2% – Still a Buy?

Shares of Bayhorse Silver Inc. (CVE:BHS) traded up 22.2% during mid-day trading on Thursday . The company traded as high as C$0.06 and last traded at C$0.06. 668,222 shares changed hands during trading, an increase of 187% from the average session volume of 232,999 shares. The stock had previously closed at C$0.05.

Bayhorse Silver Stock Performance

The company has a market capitalization of C$15.55 million, a price-to-earnings ratio of -5.50 and a beta of 2.47. The company has a 50 day moving average price of C$0.06 and a 200 day moving average price of C$0.05. The company has a debt-to-equity ratio of 503.12, a quick ratio of 0.16 and a current ratio of 0.59.

Insiders Place Their Bets

In other news, Senior Officer Graeme O’neill sold 1,300,000 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of C$0.08, for a total transaction of C$104,000.00. 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.