Bayhorse Silver (CVE:BHS) Trading Down 11.1% – What’s Next?

Bayhorse Silver Inc. (CVE:BHSGet Free Report) fell 11.1% during mid-day trading on Monday . The stock traded as low as C$0.04 and last traded at C$0.04. 349,923 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 684,223 shares. The stock had previously closed at C$0.05.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$0.21 price target on Bayhorse Silver and gave the stock a “buy” rating in a report on Tuesday, April 7th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$0.21.

Read Our Latest Analysis on Bayhorse Silver

Bayhorse Silver Trading Down 11.1%

The stock has a market capitalization of C$16.71 million, a price-to-earnings ratio of -2.00 and a beta of 2.44. The firm has a 50-day moving average of C$0.06 and a 200 day moving average of C$0.09. The company has a current ratio of 0.59, a quick ratio of 0.16 and a debt-to-equity ratio of 503.12.

Bayhorse Silver Company Profile

(Get Free Report)

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.

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