Bayhorse Silver (CVE:BHS) Stock Price Down 18.2% – Time to Sell?

Bayhorse Silver Inc. (CVE:BHS) traded down 18.2% on Tuesday . The company traded as low as C$0.05 and last traded at C$0.05. 1,747,500 shares were traded during mid-day trading, an increase of 562% from the average session volume of 263,943 shares. The stock had previously closed at C$0.06.

Bayhorse Silver Price Performance

The firm has a 50-day moving average of C$0.06 and a 200-day moving average of C$0.05. The company has a debt-to-equity ratio of 503.12, a quick ratio of 0.16 and a current ratio of 0.59. The firm has a market capitalization of C$11.31 million, a P/E ratio of -4.00 and a beta of 2.47.

Insider Activity at Bayhorse Silver

In other Bayhorse Silver news, Senior Officer Graeme O’neill sold 3,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of C$0.05, for a total transaction of C$150,000.00. Insiders have sold a total of 4,350,000 shares of company stock worth $256,750 over the last quarter. 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.