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

Shares of Blackrock Silver Corp. (CVE:BRC) were down 12.5% on Friday . The company traded as low as C$0.34 and last traded at C$0.35. Approximately 1,258,284 shares traded hands during mid-day trading, an increase of 543% from the average daily volume of 195,637 shares. The stock had previously closed at C$0.40.

Analyst Upgrades and Downgrades

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 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 business’s 50 day moving average price is C$0.40 and its two-hundred day moving average price is C$0.36. The stock has a market cap of C$96.69 million, a P/E 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.