Bayhorse Silver (CVE:BHS) Stock Price Up 20% – Should You Buy?

Bayhorse Silver Inc. (CVE:BHS)’s share price rose 20% during mid-day trading on Wednesday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 417,089 shares changed hands during trading, an increase of 22% from the average daily volume of 342,921 shares. The stock had previously closed at C$0.05.

Bayhorse Silver Price Performance

The company has a market capitalization of C$18.38 million, a price-to-earnings ratio of -5.00 and a beta of 2.47. The company has a 50-day moving average price of C$0.04 and a 200-day moving average price 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 Transactions at Bayhorse Silver

In related news, Senior Officer Graeme O’neill sold 2,000,000 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of C$0.04, for a total value of C$80,000.00. Corporate 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.