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An update from Bayhorse Silver ( (TSE:BHS) ) is now available.
Bayhorse Silver Inc. has announced a non-brokered private placement of up to 15 million units to raise $600,000, subject to TSX Venture Exchange approval. The funds will be used for an IP survey on the Pegasus Project, advancing Bayhorse Mine permitting, and general expenses. This move aims to further define drill targets for silver and potential copper deposits, enhancing the company’s operational capabilities and market positioning.
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 focuses on silver mining and has a state-of-the-art processing facility capable of processing up to 200 tons per day. It is strategically positioned near Hercules Metals’ porphyry copper discovery and has an experienced management team with extensive mining expertise.
Average Trading Volume: 332,427
Technical Sentiment Signal: Sell
Current Market Cap: C$12.75M
For an in-depth examination of BHS stock, go to TipRanks’ Overview page.