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

Bayhorse Silver Inc. (CVE:BHS) shot up 22.2% during mid-day trading on Tuesday . The stock traded as high as C$0.12 and last traded at C$0.11. 210,323 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 1,109,682 shares. The stock had previously closed at C$0.09.

Bayhorse Silver Price Performance

The firm has a market capitalization of C$36.32 million, a P/E ratio of -10.50 and a beta of 2.09. The stock’s 50 day simple moving average is C$0.12 and its 200 day simple moving average is C$0.08. The company has a debt-to-equity ratio of 503.12, a quick ratio of 0.16 and a current ratio of 0.59.

Insider Transactions at Bayhorse Silver

In other news, insider Graeme O’neill sold 250,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of C$0.13, for a total value of C$32,500.00. Following the completion of the sale, the insider owned 12,045,200 shares of the company’s stock, valued at approximately C$1,565,876. This represents a 2.03% decrease in their position. 4.74% of the stock is currently owned by 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. 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.