Blackrock Silver (CVE:BRC) Shares Down 13.8% – Time to Sell?

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

Wall Street Analyst Weigh In

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

Blackrock Silver Stock Performance

The firm has a 50 day moving average price of C$0.40 and a two-hundred day moving average price of C$0.36. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.14 and a current ratio of 8.57. The company has a market capitalization 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.