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

Bayhorse Silver Inc. (CVE:BHS)’s stock price traded down 17.6% during mid-day trading on Saturday . The company traded as low as C$0.10 and last traded at C$0.10. 2,647,996 shares changed hands during 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 Stock Down 17.6%

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

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.