Bayhorse Silver (CVE:BHS) Shares Down 7% – Here’s What Happened

Shares of Bayhorse Silver Inc. (CVE:BHS) fell 7% during mid-day trading on Tuesday . The company traded as low as C$0.04 and last traded at C$0.04. 517,851 shares changed hands during mid-day trading, a decline of 24% from the average session volume of 677,105 shares. The stock had previously closed at C$0.04.

Analysts Set New Price Targets

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

Bayhorse Silver Stock Performance

The stock has a market cap of C$18.79 million, a price-to-earnings ratio of -2.25 and a beta of 2.44. The company’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 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.