Bayhorse Silver (CVE:BHS) Stock Price Down 18.2% – Here’s Why

Shares of Bayhorse Silver Inc. (CVE:BHS) were down 18.2% during mid-day trading on Tuesday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 2,045,825 shares changed hands during trading, an increase of 640% from the average daily volume of 276,387 shares. The stock had previously closed at C$0.06.

Bayhorse Silver Price 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 stock has a market cap of C$11.31 million, a P/E ratio of -4.00 and a beta of 2.47. The company’s 50 day moving average price is C$0.06 and its 200-day moving average price is C$0.05.

Insider Buying and Selling

In other Bayhorse Silver news, Senior Officer Graeme O’neill sold 3,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of C$0.05, for a total transaction of C$150,000.00. Insiders sold a total of 4,350,000 shares of company stock valued at $256,750 in the last three months. Insiders own 4.74% of the company’s stock.

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.