Key Points
- Bayhorse Silver insider Rick Low bought 350,000 shares on May 22 at C$0.04 each, spending a total of C$14,000. The purchase increased his direct holdings by 5.68% to 6,509,564 shares.
- The stock was trading near its 52-week low of C$0.04, with a market cap of C$17.96 million and weak financial ratios, including a debt-to-equity ratio of 503.12.
- Analysts remain bullish on Bayhorse Silver, with Fundamental Research assigning a C$0.21 price target and a consensus rating of “Buy.”
Bayhorse Silver Inc. (CVE:BHS - Get Free Report) insider Rick Low acquired 350,000 shares of the business's stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average price of C$0.04 per share, for a total transaction of C$14,000.00. Following the completion of the acquisition, the insider directly owned 6,509,564 shares of the company's stock, valued at C$260,382.56. This trade represents a 5.68% increase in their ownership of the stock.
Bayhorse Silver Price Performance
BHS opened at C$0.04 on Tuesday. The company has a fifty day moving average price of C$0.07 and a two-hundred day moving average price of C$0.09. The company has a debt-to-equity ratio of 503.12, a quick ratio of 0.16 and a current ratio of 0.59. Bayhorse Silver Inc. has a 52 week low of C$0.04 and a 52 week high of C$0.16. The firm has a market capitalization of C$17.96 million, a PE ratio of -2.15 and a beta of 2.44.
Wall Street Analysts Forecast Growth
Separately, Fundamental Research set a C$0.21 price objective on Bayhorse Silver and gave the stock a "buy" rating in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Bayhorse Silver has a consensus rating of "Buy" and a consensus price target of C$0.21.
Read Our Latest Report on BHS
About Bayhorse Silver
(
Get Free Report)
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.
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