Bayhorse Silver (CVE:BHS) Stock Price Up 9.1% – Here’s What Happened

Bayhorse Silver Inc. (CVE:BHS) rose 9.1% on Friday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 102,361 shares changed hands during trading, a decline of 83% from the average daily volume of 619,039 shares. The stock had previously closed at C$0.06.

Wall Street Analyst Weigh In

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

Bayhorse Silver Trading Up 9.1%

The company has a 50-day moving average price of C$0.09 and a two-hundred day moving average price of C$0.09. The stock has a market cap of C$21.53 million, a P/E ratio of -3.00 and a beta of 2.38. The company has a current ratio of 0.59, a quick ratio of 0.16 and a debt-to-equity ratio of 503.12.

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.