Bayhorse Silver Addresses Insider Disclosure Errors Amidst COVID-19 Challenges

Bayhorse Silver ( (TSE:BHS) ) has shared an announcement.

Bayhorse Silver Inc. has clarified errors in its insider holdings disclosures following a review by the British Columbia Securities Commission. The inaccuracies involved the shareholdings of CEO Graeme O’Neill, who faced challenges in timely reporting due to COVID-19 travel restrictions. The company has since corrected these errors, and O’Neill will personally handle future filings to prevent recurrence. This move aims to enhance transparency and maintain regulatory compliance, potentially bolstering stakeholder confidence.

Spark’s Take on TSE:BHS Stock

According to Spark, TipRanks’ AI Analyst, TSE:BHS is a Underperform.

Bayhorse Silver’s stock score is heavily impacted by its poor financial performance, with persistent losses, high leverage, and negative cash flow. Despite some positive developments in drilling and mineralization, the technical indicators suggest a bearish trend, and the negative P/E ratio poses valuation concerns. The recent corporate events offer some optimism, but the overall financial instability and limited growth prospects dominate the score.

To see Spark’s full report on TSE:BHS stock, click here.

More about Bayhorse Silver

Bayhorse Silver Inc. is an exploration and production company with a 100% interest in the historic Bayhorse Silver Mine in Oregon, USA, and the Pegasus Project in Idaho. The company utilizes advanced ore-sorting technology to minimize waste and has an environmentally friendly facility capable of processing significant amounts of silver/copper concentrate. Bayhorse also holds an option to acquire a majority interest in a high-grade silver/gold property in British Columbia, Canada.

Average Trading Volume: 271,740

Technical Sentiment Signal: Sell

Current Market Cap: C$12.75M

For detailed information about BHS stock, go to TipRanks’ Stock Analysis page.