Bayhorse Silver (CVE:BHS) Trading Down 11.1% – Here’s Why

Bayhorse Silver Inc. (CVE:BHS) shares dropped 11.1% during trading on Monday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 106,673 shares were traded during trading, a decline of 84% from the average daily volume of 677,191 shares. The stock had previously closed at C$0.05.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.21 price objective on shares of Bayhorse Silver and gave the company a “buy” rating in a report on Tuesday, April 7th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Bayhorse Silver has an average rating of “Buy” and an average target price of C$0.21.

Bayhorse Silver Price Performance

The firm’s fifty day simple moving average is C$0.06 and its 200 day simple moving average is C$0.09. The firm has a market cap of C$16.71 million, a P/E ratio of -2.00 and a beta of 2.31. The company has a debt-to-equity ratio of 503.12, a quick ratio of 0.16 and a current ratio of 0.59.

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. It also entered into an option agreement to acquire an 80% interest in the Brandywine project located in British Colombia. The company was formerly known as Kent Exploration Inc and changed its name to Bayhorse Silver Inc in December 2013.