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

Bayhorse Silver Inc. (CVE:BHS)’s share price dropped 18.2% during trading on Tuesday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 1,747,500 shares changed hands during 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 Trading Down 11.1 %

The stock’s fifty day moving average price is C$0.06 and its 200 day moving average price is C$0.05. The stock has a market cap of C$11.31 million, a P/E ratio of -4.00 and a beta of 2.47. The company has a current ratio of 0.59, a quick ratio of 0.16 and a debt-to-equity ratio of 503.12.

Insider Activity at Bayhorse Silver

In other Bayhorse Silver news, Senior Officer Graeme O’neill sold 1,300,000 shares of Bayhorse Silver stock in a transaction on Monday, January 6th. The stock was sold at an average price of C$0.08, for a total transaction of C$104,000.00. Insiders sold a total of 4,350,000 shares of company stock valued at $256,750 in the last three months. 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.