Bayhorse Silver (CVE:BHS) Trading Up 11.1% – Should You Buy?

Bayhorse Silver Inc. (CVE:BHS)’s stock price traded up 11.1% on Wednesday . The stock traded as high as C$0.05 and last traded at C$0.05. 175,499 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 558,069 shares. The stock had previously closed at C$0.04.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.21 target price on shares of 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, Bayhorse Silver has a consensus rating of “Buy” and an average target price of C$0.21.

Bayhorse Silver Stock Performance

The stock has a market capitalization of C$20.88 million, a price-to-earnings ratio of -2.50 and a beta of 2.47. The company’s fifty day simple moving average is C$0.05 and its 200 day simple moving average is C$0.07. The company has a quick ratio of 0.16, a current ratio of 0.59 and a debt-to-equity ratio of 503.12.

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.