Bayhorse Silver (CVE:BHS) Stock Price Up 15% – Time to Buy?

Bayhorse Silver Inc. (CVE:BHS) shares were up 15% during mid-day trading on Thursday . The stock traded as high as C$0.12 and last traded at C$0.12. Approximately 465,454 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 865,959 shares. The stock had previously closed at C$0.10.

Bayhorse Silver Trading Up 9.1%

The firm has a market capitalization of C$41.51 million, a price-to-earnings ratio of -12.00 and a beta of 1.92. 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 firm’s 50 day moving average is C$0.12 and its 200 day moving average is C$0.08.

Insider Activity

In other news, insider Graeme O’neill sold 250,000 shares of the company’s 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 directly owned 12,045,200 shares of the company’s stock, valued at C$1,565,876. This represents a 2.03% decrease in their ownership of the stock. Insiders acquired 309,500 shares of company stock worth $28,855 over the last quarter. 4.74% of the stock is owned by insiders.

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.