Bayhorse Silver (CVE:BHS) Shares Up 33.3% – Here’s Why

Shares of Bayhorse Silver Inc. (CVE:BHS) were up 33.3% during mid-day trading on Saturday . The stock traded as high as C$0.09 and last traded at C$0.08. Approximately 1,629,736 shares traded hands during mid-day trading, an increase of 373% from the average daily volume of 344,819 shares. The stock had previously closed at C$0.06.

Bayhorse Silver Stock Up 33.3 %

The firm’s 50-day simple moving average is C$0.05 and its 200 day simple moving average is 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 stock has a market capitalization of C$22.62 million, a P/E ratio of -8.00 and a beta of 2.47.

Insider Buying and Selling

In related news, Senior Officer Graeme O’neill sold 2,000,000 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of C$0.04, for a total value of C$80,000.00. 4.74% of the stock is currently owned by corporate insiders.

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.