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

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

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.21 target price on shares of Bayhorse Silver and gave the stock 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 company presently has an average rating of “Buy” and a consensus price target of C$0.21.

Bayhorse Silver Stock Down 20.0%

The company has a market cap of C$16.71 million, a P/E ratio of -2.00 and a beta of 2.47. The company has a debt-to-equity ratio of 503.12, a current ratio of 0.59 and a quick ratio of 0.16. The business’s 50 day moving average price is C$0.05 and its 200-day moving average price is C$0.08.

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.