Blackrock Silver (CVE:BRC) Shares Up 1.7% – Here’s What Happened

Blackrock Silver Corp. (CVE:BRC) shares were up 1.7% during trading on Friday . The company traded as high as C$1.23 and last traded at C$1.18. Approximately 419,035 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 994,754 shares. The stock had previously closed at C$1.16.

Analyst Upgrades and Downgrades

BRC has been the topic of several research analyst reports. Canaccord Genuity Group set a C$2.10 target price on Blackrock Silver and gave the stock a “moderate buy” rating in a report on Friday, August 21st. Freedom Capital raised shares of Blackrock Silver from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat, Blackrock Silver currently has a consensus rating of “Strong Buy” and a consensus price target of C$2.10.

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 has a 50-day moving average price of C$1.09 and a 200-day moving average price of C$1.23. The company has a market capitalization of C$442.83 million, a price-to-earnings ratio of -19.67 and a beta of 3.50.

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.