Bayhorse Silver (CVE:BHS) Shares Down 10% – Here’s Why

Shares of Bayhorse Silver Inc. (CVE:BHS) were down 10% during trading on Wednesday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 333,459 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 607,736 shares. The stock had previously closed at C$0.05.

Analyst Ratings Changes

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

Bayhorse Silver Stock Performance

The company has a quick ratio of 0.16, a current ratio of 0.59 and a debt-to-equity ratio of 503.12. The business’s 50 day moving average is C$0.05 and its 200-day moving average is C$0.08. The firm has a market cap of C$20.88 million, a P/E ratio of -2.50 and a beta of 2.47.

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.