Bayhorse Silver (CVE:BHS) Trading Up 3.4% – Here’s Why

Shares of Bayhorse Silver Inc. (CVE:BHS) were up 3.4% during mid-day trading on Tuesday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 185,779 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 647,191 shares. The stock had previously closed at C$0.06.

Analysts Set New Price Targets

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

Bayhorse Silver Stock Performance

The company has a debt-to-equity ratio of 503.12, a current ratio of 0.59 and a quick ratio of 0.16. The company has a market capitalization of C$25.06 million, a price-to-earnings ratio of -3.00 and a beta of 2.44. The stock has a 50 day simple moving average of C$0.08 and a two-hundred day simple moving average of C$0.09.

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.