Blackrock Silver (CVE:BRC) Trading Down 12.5% – What’s Next?

Blackrock Silver Corp. (CVE:BRC) shares were down 12.5% on Friday . The company traded as low as C$0.34 and last traded at C$0.35. Approximately 1,623,756 shares were traded 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 price objective on shares of Blackrock Silver and gave the company an “outperform” rating in a research note on Tuesday, November 26th.

Blackrock Silver Stock Performance

The firm’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 market capitalization of C$96.69 million, a price-to-earnings 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.

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.