Bayhorse Silver (CVE:BHS) Shares Up 33.3% – Should You Buy?

Bayhorse Silver Inc. (CVE:BHS)’s stock price was up 33.3% during trading on Saturday . The stock traded as high as C$0.09 and last traded at C$0.08. Approximately 1,629,736 shares traded hands during mid-day trading, an increase of 373% from the average daily volume of 344,819 shares. The stock had previously closed at C$0.06.

Bayhorse Silver Stock Performance

The stock has a 50 day simple moving average of C$0.05 and a 200 day simple moving average of C$0.05. 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 market cap of C$22.62 million, a price-to-earnings ratio of -8.00 and a beta of 2.47.

Insider Activity at Bayhorse Silver

In other news, Senior Officer Graeme O’neill sold 650,000 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of C$0.04, for a total value of C$26,000.00. Company insiders own 4.74% of the company’s stock.

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.