Blackrock Silver (CVE:BRC) Shares Down 12.5% – Should You Sell?

Blackrock Silver Corp. (CVE:BRC)’s stock price dropped 12.5% during mid-day trading on Friday . The company 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 Blackrock Silver and gave the company an “outperform” rating in a research note on Tuesday, November 26th.

Blackrock Silver Price Performance

The firm’s fifty day moving average price is C$0.40 and its 200-day moving average price 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 stock has a market cap of C$96.69 million, a P/E 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.