Blackrock Silver (CVE:BRC) Trading Down 13.8% – Here’s What Happened

Blackrock Silver Corp. (CVE:BRC) shares traded down 13.8% during trading on Friday . The stock traded as low as C$0.34 and last traded at C$0.35. 2,171,486 shares changed hands during mid-day trading, an increase of 710% from the average session volume of 267,945 shares. The stock had previously closed at C$0.40.

Analyst Ratings Changes

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 Price Performance

The company has a current ratio of 8.57, a quick ratio of 3.14 and a debt-to-equity ratio of 0.45. The stock has a 50-day simple moving average of C$0.40 and a 200 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.

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.