Bayhorse Silver (CVE:BHS) Trading 20% Higher – What’s Next?

Bayhorse Silver Inc. (CVE:BHS) rose 20% during mid-day trading on Friday . The stock traded as high as C$0.13 and last traded at C$0.12. Approximately 1,347,117 shares changed hands during trading, an increase of 22% from the average daily volume of 1,108,444 shares. The stock had previously closed at C$0.10.

Bayhorse Silver Trading Up 20.0%

The stock has a market capitalization of C$41.51 million, a P/E ratio of -12.00 and a beta of 2.09. The company has a current ratio of 0.59, a quick ratio of 0.16 and a debt-to-equity ratio of 503.12. The company has a 50-day moving average price of C$0.11 and a 200 day moving average price of C$0.07.

Insider Buying and Selling

In other news, insider Graeme O’neill sold 250,000 shares of the stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of C$0.13, for a total transaction of C$32,500.00. Following the completion of the sale, the insider owned 12,045,200 shares in the company, valued at approximately C$1,565,876. This represents a 2.03% decrease in their position. Corporate insiders own 4.74% of the company’s stock.

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.