Bayhorse Silver (CVE:BHS) Shares Up 33.3% – Still a Buy?

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

Bayhorse Silver Price Performance

The stock has a market cap of C$22.62 million, a price-to-earnings ratio of -8.00 and a beta of 2.47. The company has a 50 day simple moving average of C$0.05 and a 200-day simple moving average of C$0.05. 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 Buying and Selling

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