Bayhorse Silver (CVE:BHS) Stock Price Down 9.1% – Here’s What Happened

Bayhorse Silver Inc. (CVE:BHS)’s stock price was down 9.1% during trading on Friday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 108,350 shares changed hands during trading, a decline of 83% from the average daily volume of 647,404 shares. The stock had previously closed at C$0.06.

Wall Street Analyst Weigh In

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

Bayhorse Silver Stock Performance

The business has a 50 day simple moving average of C$0.08 and a two-hundred day simple moving average of C$0.09. The company has a market cap of C$22.97 million, a PE ratio of -2.75 and a beta of 2.44. 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.