Bayhorse Silver (CVE:BHS) Shares Down 18.2% – Should You Sell?

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

Bayhorse Silver Price Performance

The company has a current ratio of 0.59, a quick ratio of 0.16 and a debt-to-equity ratio of 503.12. The stock has a fifty day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.05. The company has a market cap of C$12.73 million, a PE ratio of -4.50 and a beta of 2.47.

Insider Activity

In related news, Senior Officer Graeme O’neill sold 1,300,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of C$0.08, for a total value of C$104,000.00. 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.