Bayhorse Silver (CVE:BHS) Shares Down 8% – Here’s Why

Bayhorse Silver Inc. (CVE:BHS) was down 8% during mid-day trading on Friday . The stock traded as low as C$0.12 and last traded at C$0.12. Approximately 1,534,102 shares changed hands during trading, an increase of 126% from the average daily volume of 678,392 shares. The stock had previously closed at C$0.13.

Bayhorse Silver Stock Performance

The business has a 50-day moving average of C$0.11 and a two-hundred day moving average of C$0.07. The company has a debt-to-equity ratio of 503.12, a current ratio of 0.59 and a quick ratio of 0.16. The company has a market cap of C$35.63 million, a P/E ratio of -10.30 and a beta of 2.09.

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.