Bayhorse Silver (CVE:BHS) Trading Up 9.5% – Here’s What Happened

Shares of Bayhorse Silver Inc. (CVE:BHS) were up 9.5% on Wednesday . The company traded as high as C$0.12 and last traded at C$0.12. Approximately 108,201 shares changed hands during trading, a decline of 90% from the average daily volume of 1,069,380 shares. The stock had previously closed at C$0.11.

Bayhorse Silver Stock Performance

The business’s fifty day moving average price is C$0.12 and its 200-day moving average price is C$0.08. The stock has a market capitalization of C$34.59 million, a PE ratio of -10.00 and a beta of 1.92. The company has a debt-to-equity ratio of 503.12, a current ratio of 0.59 and a quick ratio of 0.16.

Insiders Place Their Bets

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