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

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

Wall Street Analysts Forecast Growth

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

Blackrock Silver Price Performance

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

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.