Bayhorse Silver (CVE:BHS) Shares Up 25% – Here’s Why

Bayhorse Silver Inc. (CVE:BHS)’s stock price was up 25% on Thursday . The stock traded as high as C$0.05 and last traded at C$0.05. 129,957 shares traded hands during trading, a decline of 79% from the average session volume of 604,463 shares. The stock had previously closed at C$0.04.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$0.21 price objective on shares of Bayhorse Silver and gave the stock 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 data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$0.21.

Bayhorse Silver Stock Up 25.0%

The firm has a market capitalization of C$20.88 million, a PE ratio of -2.50 and a beta of 2.47. The stock has a 50-day simple moving average of C$0.05 and a 200-day simple moving average of C$0.08. The company has a quick ratio of 0.16, a current ratio of 0.59 and a debt-to-equity ratio of 503.12.

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. 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.