Bayhorse Silver (CVE:BHS) Shares Down 4.8% – What’s Next?

Bayhorse Silver Inc. (CVE:BHS) dropped 4.8% during mid-day trading on Wednesday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 768,725 shares were traded during mid-day trading, an increase of 28% from the average daily volume of 598,867 shares. The stock had previously closed at C$0.06.

Wall Street Analyst Weigh In

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

Bayhorse Silver Stock Up 3.2%

The firm has a market capitalization of C$22.48 million, a PE ratio of -6.50 and a beta of 2.38. The business’s 50 day simple moving average is C$0.09 and its 200 day simple moving average is C$0.10. The company has a current ratio of 0.59, a quick ratio of 0.16 and a debt-to-equity ratio of 503.12.

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.