Bayhorse Silver (CVE:BHS) Shares Down 10% – Should You Sell?

Bayhorse Silver Inc. (CVE:BHS) shares fell 10% during trading on Wednesday . The company traded as low as C$0.04 and last traded at C$0.04. 333,459 shares changed hands during trading, a decline of 45% from the average daily volume of 607,736 shares. The stock had previously closed at C$0.05.

Analyst Ratings Changes

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

Bayhorse Silver Trading Down 20.0%

The company has a market capitalization of C$16.71 million, a P/E ratio of -2.00 and a beta of 2.47. The business has a 50 day moving average price of C$0.05 and a 200 day moving average price of C$0.08. 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.