Bayhorse Silver (CVE:BHS) Stock Price Down 27.3% – Here’s Why

Shares of Bayhorse Silver Inc. (CVE:BHS) were down 27.3% on Saturday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 759,200 shares traded hands during trading, an increase of 237% from the average daily volume of 225,423 shares. The stock had previously closed at C$0.06.

Bayhorse Silver Price Performance

The stock has a fifty day moving average of C$0.06 and a two-hundred day moving average of C$0.05. The stock has a market cap of C$11.31 million, a price-to-earnings ratio of -4.00 and a beta of 2.47. The company has a quick ratio of 0.16, a current ratio of 0.59 and a debt-to-equity ratio of 503.12.

Insiders Place Their Bets

In related news, Senior Officer Graeme O’neill sold 1,300,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of C$0.08, for a total value of C$104,000.00. 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.