Bayhorse Silver (CVE:BHS) Shares Down 21.4% – Time to Sell?

Bayhorse Silver Inc. (CVE:BHS)’s share price dropped 21.4% during mid-day trading on Wednesday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 609,828 shares changed hands during trading, an increase of 114% from the average daily volume of 285,404 shares. The stock had previously closed at C$0.07.

Bayhorse Silver Trading Down 21.4 %

The firm’s fifty day simple moving average is C$0.06 and its 200 day simple moving average is C$0.05. The stock has a market capitalization of C$15.55 million, a P/E ratio of -5.50 and a beta of 2.47. 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 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 stock was sold at an average price of C$0.08, for a total value of C$104,000.00. 4.74% of the stock is currently owned by insiders.

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.