Blackrock Silver (CVE:BRC) Trading Down 3.7% – Time to Sell?

Shares of Blackrock Silver Corp. (CVE:BRC) were down 3.7% on Thursday . The company traded as low as C$0.39 and last traded at C$0.40. Approximately 19,900 shares traded hands during trading, a decline of 88% from the average daily volume of 165,714 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 report on Tuesday, November 26th.

Blackrock Silver Price Performance

The firm’s fifty day simple moving average is C$0.40 and its 200-day simple moving average is C$0.36. The company has a quick ratio of 3.14, a current ratio of 8.57 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of C$96.69 million, a PE ratio of -17.75 and a beta of 3.19.

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.