Bayhorse Silver (CVE:BHS) Stock Price Up 25% – Time to Buy?

Bayhorse Silver Inc. (CVE:BHS) traded up 25% during trading on Thursday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 129,957 shares were traded during trading, a decline of 79% from the average session volume of 604,463 shares. The stock had previously closed at C$0.04.

Wall Street Analyst Weigh In

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

Bayhorse Silver Stock Performance

The firm has a market cap of C$20.88 million, a price-to-earnings ratio of -2.50 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. The company has a 50 day moving average of C$0.05 and a 200 day moving average of C$0.08.

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.