Bayhorse Silver (CVE:BHS) Shares Down 21.4% – What’s Next?

Bayhorse Silver Inc. (CVE:BHS) shares dropped 21.4% on Wednesday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 608,828 shares changed hands during mid-day trading, an increase of 120% from the average daily volume of 276,304 shares. The stock had previously closed at C$0.07.

Bayhorse Silver Price Performance

The company has a market cap of C$15.55 million, a price-to-earnings ratio of -5.50 and a beta of 2.47. The company has a 50-day simple moving average of C$0.06 and a 200-day simple 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.

Insider Activity at Bayhorse Silver

In other news, Senior Officer Graeme O’neill sold 1,300,000 shares of the 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. Company 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.