Bayhorse Silver (CVE:BHS) Trading 22.2% Higher – Here’s Why

Bayhorse Silver Inc. (CVE:BHS)’s share price shot up 22.2% during trading on Tuesday . The stock traded as high as C$0.12 and last traded at C$0.11. 210,323 shares changed hands during trading, a decline of 81% from the average session volume of 1,109,682 shares. The stock had previously closed at C$0.09.

Bayhorse Silver Stock Performance

The company has a debt-to-equity ratio of 503.12, a quick ratio of 0.16 and a current ratio of 0.59. The company has a market cap of C$34.59 million, a P/E ratio of -10.00 and a beta of 1.92. The firm has a 50 day moving average price of C$0.12 and a 200-day moving average price of C$0.08.

Insider Activity at Bayhorse Silver

In related news, insider Graeme O’neill sold 250,000 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of C$0.13, for a total transaction of C$32,500.00. Following the completion of the transaction, the insider owned 12,045,200 shares of the company’s stock, valued at approximately C$1,565,876. The trade was a 2.03% decrease in their position. Insiders own 4.74% of the company’s stock.

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.