Bayhorse Silver (CVE:BHS) Stock Price Up 22.2% – Here’s Why

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

Bayhorse Silver Stock Performance

The stock’s 50 day moving average is C$0.06 and its two-hundred day moving average is C$0.05. The stock has a market capitalization of C$16.97 million, a price-to-earnings ratio of -6.00 and a beta of 2.47. The company has a current ratio of 0.59, a quick ratio of 0.16 and a debt-to-equity ratio of 503.12.

Insider Buying and Selling

In other news, Senior Officer Graeme O’neill sold 1,300,000 shares of Bayhorse Silver stock in a transaction dated Monday, January 6th. The shares were sold at an average price of C$0.08, for a total value of C$104,000.00. 4.74% of the stock is currently owned by corporate insiders.

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.