Bayhorse Silver (CVE:BHS) Shares Up 33.3% – Here’s What Happened

Bayhorse Silver Inc. (CVE:BHS)’s share price was up 33.3% during mid-day trading on Saturday . The company 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 Price Performance

The business’s 50-day moving average price is C$0.05 and its 200 day moving average price is C$0.05. The company has a market capitalization of C$22.62 million, a P/E ratio of -8.00 and a beta of 2.47. The company has a quick ratio of 0.16, a current ratio of 0.59 and a debt-to-equity ratio of 503.12.

Insiders Place Their Bets

In related news, Senior Officer Graeme O’neill sold 2,000,000 shares of the business’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of C$0.04, for a total transaction of C$80,000.00. Corporate insiders own 4.74% of the company’s stock.

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.