Bayhorse Silver (CVE:BHS) Trading Up 22.2% – Still a Buy?

Bayhorse Silver Inc. (CVE:BHS)’s share price was up 22.2% during trading on Monday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 934,828 shares traded hands during trading, an increase of 41% from the average daily volume of 660,964 shares. The stock had previously closed at C$0.05.

Wall Street Analysts Forecast Growth

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

Bayhorse Silver Stock Up 15.6%

The company has a fifty day simple moving average of C$0.06 and a 200-day simple moving average of C$0.09. The company has a quick ratio of 0.16, a current ratio of 0.59 and a debt-to-equity ratio of 503.12. The firm has a market cap of C$21.72 million, a P/E ratio of -2.60 and a beta of 2.31.

Bayhorse Silver Company Profile

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.