Bayhorse Silver (CVE:BHS) Trading Up 20% – Still a Buy?

Bayhorse Silver Inc. (CVE:BHS)’s share price traded up 20% during trading on Wednesday . The company traded as high as C$0.06 and last traded at C$0.06. 417,089 shares were traded during mid-day trading, an increase of 22% from the average session volume of 342,921 shares. The stock had previously closed at C$0.05.

Bayhorse Silver Trading Down 8.3 %

The firm has a market capitalization of C$15.55 million, a PE ratio of -6.00 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. The company’s 50-day simple moving average is C$0.04 and its 200 day simple moving average is C$0.05.

Insider Buying and Selling

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

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.