Fundamental Research Reiterates “C$0.21” Price Target for Bayhorse Silver (CVE:BHS)

Bayhorse Silver (CVE:BHS) received a C$0.21 price objective from equities researchers at Fundamental Research in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Fundamental Research’s price target would suggest a potential upside of 180.00% from the company’s previous close.

Bayhorse Silver Price Performance

Shares of CVE:BHS traded down C$0.01 on Tuesday, hitting C$0.08. The stock had a trading volume of 84,160 shares, compared to its average volume of 601,315. Bayhorse Silver has a twelve month low of C$0.04 and a twelve month high of C$0.16. The company has a debt-to-equity ratio of 503.12, a quick ratio of 0.16 and a current ratio of 0.59. The firm’s 50 day moving average price is C$0.10 and its 200-day moving average price is C$0.09. The company has a market capitalization of C$25.94 million, a price-to-earnings ratio of -7.50 and a beta of 2.38.

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.