Blackrock Silver (CVE:BRC) Stock Price Down 13.8% – Here’s Why

Blackrock Silver Corp. (CVE:BRC) shares traded down 13.8% during mid-day trading 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 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 Upgrades and Downgrades

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

Blackrock Silver Stock Down 11.3 %

The stock’s 50 day simple moving average is C$0.40 and its two-hundred day simple moving average is C$0.36. The firm has a market cap of C$96.69 million, a P/E ratio of -17.75 and a beta of 3.19. The company has a debt-to-equity ratio of 0.45, a current ratio of 8.57 and a quick ratio of 3.14.

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.