Bayhorse Silver (CVE:BHS) Shares Down 17.6% – Here’s Why

Bayhorse Silver Inc. (CVE:BHS)’s share price fell 17.6% on Saturday . The stock traded as low as C$0.10 and last traded at C$0.10. 2,647,996 shares changed hands during mid-day trading, an increase of 240% from the average session volume of 779,655 shares. The stock had previously closed at C$0.13.

Bayhorse Silver Price Performance

The company has a quick ratio of 0.16, a current ratio of 0.59 and a debt-to-equity ratio of 503.12. The company has a 50 day simple moving average of C$0.11 and a 200-day simple moving average of C$0.07. The stock has a market cap of C$35.63 million, a price-to-earnings ratio of -10.30 and a beta of 2.09.

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.