Bayhorse Silver (CVE:BHS) Shares Up 33.3% – Here’s Why

Bayhorse Silver Inc. (CVE:BHS)’s share price rose 33.3% during trading on Friday . The company traded as high as C$0.09 and last traded at C$0.08. Approximately 1,629,736 shares changed hands during trading, an increase of 373% from the average daily volume of 344,819 shares. The stock had previously closed at C$0.06.

Bayhorse Silver Price Performance

The company has a debt-to-equity ratio of 503.12, a quick ratio of 0.16 and a current ratio of 0.59. The stock has a market capitalization of C$22.62 million, a price-to-earnings ratio of -8.00 and a beta of 2.47. The company has a fifty day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.05.

Insider Activity at Bayhorse Silver

In other news, Senior Officer Graeme O’neill sold 2,000,000 shares of the business’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of C$0.04, for a total transaction of C$80,000.00. 4.74% of the stock is currently owned by insiders.

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.