Bayhorse Silver (CVE:BHS) Shares Down 10% – What’s Next?

Bayhorse Silver Inc. (CVE:BHS)’s share price dropped 10% during trading on Wednesday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 823,326 shares traded hands during mid-day trading, an increase of 30% from the average daily volume of 634,857 shares. The stock had previously closed at C$0.05.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.21 price objective on Bayhorse Silver and gave the company a “buy” rating in a research report on Tuesday, April 7th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$0.21.

Bayhorse Silver Price Performance

The firm has a fifty day simple moving average of C$0.07 and a 200 day simple moving average of C$0.09. The company has a market capitalization of C$20.88 million, a PE ratio of -2.50 and a beta of 2.44. The company has a debt-to-equity ratio of 503.12, a quick ratio of 0.16 and a current ratio of 0.59.

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. It also entered into an option agreement to acquire an 80% interest in the Brandywine project located in British Colombia. The company was formerly known as Kent Exploration Inc and changed its name to Bayhorse Silver Inc in December 2013.