Blackrock Silver (CVE:BRC) Trading Down 4.9% – Here’s What Happened

Shares of Blackrock Silver Corp. (CVE:BRC) traded down 4.9% during mid-day trading on Friday . The company traded as low as C$0.39 and last traded at C$0.39. 407,416 shares traded hands during mid-day trading, an increase of 116% from the average session volume of 188,264 shares. The stock had previously closed at C$0.41.

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 Stock Performance

The company’s 50-day moving average is C$0.41 and its two-hundred day moving average is C$0.35. The company has a market capitalization of C$104.87 million, a P/E ratio of -19.25 and a beta of 3.19. The company has a quick ratio of 3.14, a current ratio of 8.57 and a debt-to-equity ratio of 0.45.

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.