Blackrock Silver (CVE:BRC) Trading Down 12.5% – Here’s What Happened

Shares of Blackrock Silver Corp. (CVE:BRC) traded down 12.5% during trading on Friday . The company traded as low as C$0.34 and last traded at C$0.35. 1,623,756 shares traded hands during trading, an increase of 556% from the average session 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 price objective on shares of Blackrock Silver and gave the company an “outperform” rating in a research note on Tuesday, November 26th.

Blackrock Silver Price Performance

The firm has a market cap of C$96.69 million, a price-to-earnings ratio of -17.75 and a beta of 3.19. The business has a 50 day simple moving average of C$0.40 and a 200-day simple moving average of C$0.36. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.14 and a current ratio of 8.57.

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.