Bayhorse Silver (CVE:BHS) Trading Up 11.1% – Still a Buy?

Bayhorse Silver Inc. (CVE:BHS) rose 11.1% during mid-day trading on Wednesday . The stock traded as high as C$0.05 and last traded at C$0.05. 175,499 shares changed hands 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.

Analyst Upgrades and Downgrades

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

Bayhorse Silver Stock Up 11.1%

The company’s 50-day moving average is C$0.05 and its 200 day moving average is C$0.08. The stock has a market capitalization of C$20.88 million, a PE ratio of -2.50 and a beta of 2.47. The company has a current ratio of 0.59, a quick ratio of 0.16 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.