Blackrock Silver (CVE:BRC) Shares Down 12.5% – Should You Sell?

Blackrock Silver Corp. (CVE:BRC)’s share price was down 12.5% during mid-day trading on Friday . The company traded as low as C$0.34 and last traded at C$0.35. Approximately 1,623,756 shares traded hands during mid-day trading, an increase of 556% from the average daily volume of 247,380 shares. The stock had previously closed at C$0.40.

Analyst Upgrades and Downgrades

Separately, Raymond James set a C$1.00 target price on shares of Blackrock Silver and gave the stock an “outperform” rating in a research note on Tuesday, November 26th.

Blackrock Silver Price Performance

The stock has a market capitalization of C$96.69 million, a PE ratio of -17.75 and a beta of 3.19. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.14 and a current ratio of 8.57. The stock’s 50-day moving average is C$0.40 and its 200 day moving average is C$0.36.

About Blackrock Silver

Blackrock Silver Corp. engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. It primarily explores for gold and silver deposits. The company's flagship property is the Tonopah West silver-gold project comprising 100 patented and 83 unpatented lode mining claims covering an area of 10.3 square kilometers located in the Walker Lane trend of western Nevada.