Bayhorse Silver (CVE:BHS) Trading Down 12% – Time to Sell?

Bayhorse Silver Inc. (CVE:BHS) fell 12% during trading on Friday . The company traded as low as C$0.11 and last traded at C$0.11. 1,920,902 shares were traded during mid-day trading, an increase of 171% from the average session volume of 708,238 shares. The stock had previously closed at C$0.13.

Bayhorse Silver Stock Down 17.6%

The company has a debt-to-equity ratio of 503.12, a current ratio of 0.59 and a quick ratio of 0.16. The firm’s 50 day moving average price is C$0.11 and its two-hundred day moving average price is C$0.07. The firm has a market cap of C$35.63 million, a price-to-earnings ratio of -10.30 and a beta of 2.09.

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.