Blackrock Silver (CVE:BRC) Shares Down 3.7% – Here’s What Happened

Shares of Blackrock Silver Corp. (CVE:BRC) traded down 3.7% during trading on Thursday . The stock traded as low as C$0.39 and last traded at C$0.40. 19,900 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 165,714 shares. The stock had previously closed at C$0.41.

Wall Street Analysts Forecast Growth

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

Blackrock Silver Trading Down 3.7 %

The firm’s 50-day moving average price is C$0.40 and its 200-day moving average price 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 company has a market cap of C$107.59 million, a P/E ratio of -19.75 and a beta of 3.19.

Blackrock Silver Company Profile

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.