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

Blackrock Silver Corp. (CVE:BRC) dropped 12.5% during mid-day trading on Friday . The stock traded as low as C$0.34 and last traded at C$0.35. Approximately 1,623,756 shares changed 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.

Wall Street Analysts Forecast Growth

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

Blackrock Silver Price Performance

The company has a 50-day simple moving average of C$0.40 and a two-hundred day simple moving average of C$0.36. The stock 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 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.