Bayhorse Silver (CVE:BHS) Stock Price Down 21.4% – Here’s What Happened

Shares of Bayhorse Silver Inc. (CVE:BHS) dropped 21.4% on Thursday . The stock traded as low as C$0.06 and last traded at C$0.06. Approximately 609,828 shares changed hands during mid-day trading, an increase of 114% from the average daily volume of 285,404 shares. The stock had previously closed at C$0.07.

Bayhorse Silver Trading Down 21.4 %

The business has a 50-day moving average price of C$0.06 and a two-hundred day moving average price of C$0.05. 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 company has a market cap of C$15.55 million, a P/E ratio of -5.50 and a beta of 2.47.

Insiders Place Their Bets

In other Bayhorse Silver news, Senior Officer Graeme O’neill sold 1,300,000 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of C$0.08, for a total transaction of C$104,000.00. 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.