In sliding 3.45%, Bayhorse Silver Inc. (CDX:BHS:CA) was one of the worst performing stocks in the miscellaneous sector of the TSX Venture Exchange on January 13. After closing the previous session at $0.145, shares of BHS:CA opened this morning at $0.14 and closed the day at $0.14. Throughout the day, about 291,700 shares changed hands, compared to an average 30-day volume of 72,175 for Bayhorse Silver Inc.. Shares moved as high as $0.145 and as low as $0.14 in today’s trading action.
The share depreciation gives the company a market capitalization of $5.47 million based upon 37.74 million shares outstanding.
In the past 52 weeks, shares of Bayhorse Silver Inc. have traded as low as $0.05 and as high as $0.29. Technical traders will take note that at $0.14, shares of BHS:CA are trading below their 50-day moving average (MA) at $0.179 and below their 200-day MA at below $0.17. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath or holding under them is typically regarded as bearish.
Who is $Bayhorse Svr?
Bayhorse Silver Inc is a mineral exploration company. The Company is engaged in the acquisition and exploration of mineral property interests. It manages and develops gold and silver, base metals and coal mineralization. The company is led by its CEO Graeme O'Neill from its headquarters at 410 – 744 West Hastings Street.
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About the TSX Venture Exchange
Owned and operated by the TMX Group, the TSX Venture Exchange is a public venture capital marketplace for emerging companies. It is headquartered in Calgary, Alberta, Canada with offices in Toronto, Vancouver and Montreal. All trading on the exchange is done electronically. Originally established in 1999, the “Venture,” as it is often shortened, was previously known as the Canadian Venture Exchange, but renamed in 2001 subsequent to the TSX Group (now known as the TMX Group) purchasing it.
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