Bayhorse Silver (CVE:BHS) Trading Down 12.9% – Here’s What Happened

Bayhorse Silver Inc. (CVE:BHS)’s stock price dropped 12.9% on Wednesday . The stock traded as low as C$0.14 and last traded at C$0.14. Approximately 286,446 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 410,892 shares. The stock had previously closed at C$0.16.

Bayhorse Silver Price Performance

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 company has a market capitalization of C$46.69 million, a price-to-earnings ratio of -13.50 and a beta of 2.15. The company has a 50-day moving average price of C$0.09 and a 200-day moving average price of C$0.06.

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.