Bayhorse Silver (CVE:BHS) Shares Down 12% – Here’s Why

Shares of Bayhorse Silver Inc. (CVE:BHS) traded down 12% on Friday . The stock traded as low as C$0.11 and last traded at C$0.11. 1,920,902 shares traded hands during trading, an increase of 171% from the average session volume of 708,238 shares. The stock had previously closed at C$0.13.

Bayhorse Silver Stock Down 12.0%

The company has a 50-day moving average of C$0.11 and a 200-day moving average of C$0.07. The company has a current ratio of 0.59, a quick ratio of 0.16 and a debt-to-equity ratio of 503.12. The company has a market capitalization of C$38.05 million, a price-to-earnings ratio of -11.00 and a beta of 2.09.

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.