Bayhorse Silver (CVE:BHS) PT Set at C$0.21 by Fundamental Research

Bayhorse Silver (CVE:BHS) received a C$0.21 target price from stock analysts at Fundamental Research in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Fundamental Research’s price objective indicates a potential upside of 180.00% from the company’s current price.

Bayhorse Silver Stock Performance

BHS traded down C$0.01 during trading on Tuesday, reaching C$0.08. 84,160 shares of the company’s stock were exchanged, compared to its average volume of 601,315. Bayhorse Silver has a fifty-two week low of C$0.04 and a fifty-two week high of C$0.16. The company has a quick ratio of 0.16, a current ratio of 0.59 and a debt-to-equity ratio of 503.12. The business has a 50 day moving average price of C$0.10 and a 200 day moving average price of C$0.09. The company has a market capitalization of C$25.94 million, a P/E ratio of -7.50 and a beta of 2.38.

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.