Bayhorse Silver (CVE:BHS) Shares Up 33.3% – Time to Buy?

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

Bayhorse Silver Price Performance

The stock’s 50-day moving average price is C$0.05 and its 200 day moving average price is C$0.05. 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 firm has a market capitalization of C$22.62 million, a price-to-earnings ratio of -8.00 and a beta of 2.47.

Insider Transactions at Bayhorse Silver

In related news, Senior Officer Graeme O’neill sold 2,000,000 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of C$0.04, for a total value of C$80,000.00. 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.