Bayhorse Silver (CVE:BHS) Shares Down 7% – Here’s Why

Bayhorse Silver Inc. (CVE:BHS) shares dropped 7% during trading on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 517,851 shares changed hands during mid-day trading, a decline of 24% from the average daily volume of 677,105 shares. The stock had previously closed at C$0.04.

Analyst Upgrades and Downgrades

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

Bayhorse Silver Stock Performance

The company has a market cap of C$17.54 million, a PE ratio of -2.10 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. The business has a fifty day moving average of C$0.07 and a 200-day moving average of C$0.09.

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.