Bayhorse Silver (CVE:BHS) Trading 15% Higher – Still a Buy?

Bayhorse Silver Inc. (CVE:BHS)’s share price rose 15% during trading on Thursday . The company traded as high as C$0.12 and last traded at C$0.12. Approximately 465,454 shares were traded during trading, a decline of 46% from the average daily volume of 865,959 shares. The stock had previously closed at C$0.10.

Bayhorse Silver Trading Up 15.0%

The company has a market capitalization of C$39.78 million, a price-to-earnings ratio of -11.50 and a beta of 1.92. 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 firm has a fifty day moving average price of C$0.12 and a 200-day moving average price of C$0.08.

Insider Transactions at Bayhorse Silver

In other news, insider Graeme O’neill sold 250,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of C$0.13, for a total transaction of C$32,500.00. Following the completion of the sale, the insider owned 12,045,200 shares of the company’s stock, valued at approximately C$1,565,876. This represents a 2.03% decrease in their position. Insiders have bought 309,500 shares of company stock worth $28,855 in the last 90 days. Corporate insiders own 4.74% of the company’s stock.

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.