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

Blackrock Silver Corp. (CVE:BRC) shares were 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 trading, an increase of 556% from the average daily volume of 247,380 shares. The stock had previously closed at C$0.40.

Analyst Ratings Changes

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

Blackrock Silver Stock Down 11.3 %

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

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.