Blackrock Silver (CVE:BRC) Stock Price Down 3.2% – What’s Next?

Shares of Blackrock Silver Corp. (CVE:BRC) dropped 3.2% during mid-day trading on Wednesday . The stock traded as low as C$0.89 and last traded at C$0.90. 484,968 shares were traded during trading, a decline of 55% from the average session volume of 1,087,686 shares. The stock had previously closed at C$0.93.

Analyst Ratings Changes

Separately, Freedom Capital raised Blackrock Silver from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Blackrock Silver Stock Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 13.70 and a quick ratio of 3.14. The stock’s 50-day moving average price is C$1.02 and its 200-day moving average price is C$1.32. The company has a market cap of C$337.75 million, a P/E ratio of -15.00 and a beta of 3.67.

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. It also holds 100% interest in the Silver Cloud project comprising 572 unpatented lode mining claims covering an area of 46.9 square kilometers located in Northern Nevada Rift, Nevada.