Bayhorse Silver (CVE:BHS) Stock Price Down 10% – Here’s Why

Bayhorse Silver Inc. (CVE:BHS)’s share price dropped 10% during trading on Wednesday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 823,326 shares changed hands during trading, an increase of 30% from the average daily volume of 634,857 shares. The stock had previously closed at C$0.05.

Wall Street Analyst Weigh In

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

Bayhorse Silver Stock Performance

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 stock has a market cap of C$17.54 million, a PE ratio of -2.10 and a beta of 2.44. The stock has a 50-day moving average of C$0.07 and a 200 day moving average of C$0.09.

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. 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.