Bayhorse Silver (CVE:BHS) Insider Acquires C$14,000.00 in Stock

Bayhorse Silver Inc. (CVE:BHS) insider Rick Low bought 350,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average cost of C$0.04 per share, for a total transaction of C$14,000.00. Following the completion of the acquisition, the insider owned 6,509,564 shares of the company’s stock, valued at C$260,382.56. This trade represents a 5.68% increase in their ownership of the stock.

Bayhorse Silver Price Performance

CVE:BHS traded down C$0.00 during mid-day trading on Monday, reaching C$0.04. 627,723 shares of the stock were exchanged, compared to its average volume of 674,199. The business has a fifty day moving average price of C$0.07 and a 200 day moving average price of C$0.09. The firm has a market capitalization of C$17.54 million, a PE ratio of -2.10 and a beta of 2.44. Bayhorse Silver Inc. has a 1-year low of C$0.04 and a 1-year high of C$0.16. The company has a current ratio of 0.59, a quick ratio of 0.16 and a debt-to-equity ratio of 503.12.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.21 target price on Bayhorse Silver and gave the stock a “buy” rating in a report on Tuesday, April 7th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$0.21.

Bayhorse Silver Company Profile

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.