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Bayhorse Silver ( (TSE:BHS) ) has shared an announcement.
Bayhorse Silver Inc. has completed a shares-for-debt settlement, receiving approval from the TSX Venture Exchange. The company issued 1,402,850 common shares at $0.04 per share to settle a debt of $56,114 owed to Wiklow Corporate Services Inc., owned by the company’s Corporate Secretary. This transaction is categorized as a ‘related party transaction’ but is exempt from certain regulatory requirements due to its size relative to the company’s market capitalization. The issued shares are subject to a hold period until March 1, 2026.
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 and copper exploration and production, utilizing advanced ore-sorting technology to minimize environmental impact. It operates a mill and flotation processing facility in Idaho with an offtake agreement with Ocean Partners UK Limited.
Average Trading Volume: 521,878
Technical Sentiment Signal: Buy
Current Market Cap: C$20.62M
See more insights into BHS stock on TipRanks’ Stock Analysis page.