Bayhorse Silver (CVE:BHS) Insider Purchases C$14,000.00 in Stock

Bayhorse Silver Inc. (CVE:BHS) insider Rick Low purchased 350,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average cost of C$0.04 per share, for a total transaction of C$14,000.00. Following the purchase, the insider directly owned 6,509,564 shares in the company, valued at C$260,382.56. This represents a 5.68% increase in their position.

Bayhorse Silver Trading Down 6.7%

BHS traded down C$0.00 during trading on Monday, reaching C$0.04. The company had a trading volume of 627,723 shares, compared to its average volume of 674,199. The firm’s 50-day simple moving average is C$0.07 and its 200 day simple moving average is C$0.09. The company has a market cap of C$17.54 million, a price-to-earnings ratio of -2.10 and a beta of 2.44. Bayhorse Silver Inc. has a 12-month low of C$0.04 and a 12-month high of C$0.16. The company has a debt-to-equity ratio of 503.12, a quick ratio of 0.16 and a current ratio of 0.59.

Analysts Set New Price Targets

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

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.