Bayhorse Silver (CVE:BHS) Shares Up 20% – Here’s What Happened

Bayhorse Silver Inc. (CVE:BHS)’s stock price shot up 20% on Wednesday . The stock traded as high as C$0.06 and last traded at C$0.06. 307,500 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 543,821 shares. The stock had previously closed at C$0.05.

Bayhorse Silver Stock Up 20.0%

The company has a market cap of C$25.06 million, a price-to-earnings ratio of -3.00 and a beta of 2.35. The stock has a 50-day simple moving average of C$0.05 and a 200-day simple moving average of C$0.07. The company has a current ratio of 0.59, a quick ratio of 0.16 and a debt-to-equity ratio of 503.12.

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.