Rick Low Buys 350,000 Shares of Bayhorse Silver (CVE:BHS) Stock

Bayhorse Silver Inc. (CVE:BHS) insider Rick Low acquired 350,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was purchased at an average cost of C$0.04 per share, with a total value of C$14,000.00. Following the transaction, the insider owned 6,509,564 shares in the company, valued at approximately C$260,382.56. This trade represents a 5.68% increase in their ownership of the stock.

Bayhorse Silver Stock Performance

Shares of BHS opened at C$0.04 on Wednesday. The firm has a 50-day moving average of C$0.07 and a 200-day moving average of C$0.09. Bayhorse Silver Inc. has a one year low of C$0.04 and a one year high of C$0.16. The company has a market cap of C$17.96 million, a PE ratio of -2.15 and a beta of 2.44. The company has a debt-to-equity ratio of 503.12, a current ratio of 0.59 and a quick ratio of 0.16.

Analyst Upgrades and Downgrades

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

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.