Blackrock Silver (CVE:BRC) Trading Up 5.1% – Still a Buy?

Shares of Blackrock Silver Corp. (CVE:BRC) shot up 5.1% during mid-day trading on Monday . The stock traded as high as C$1.24 and last traded at C$1.23. 126,813 shares were traded during mid-day trading, a decline of 90% from the average session volume of 1,330,231 shares. The stock had previously closed at C$1.17.

Blackrock Silver Price Performance

The company’s 50-day simple moving average is C$1.29 and its 200 day simple moving average is C$1.29. The company has a quick ratio of 3.14, a current ratio of 12.66 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of C$455.38 million, a price-to-earnings ratio of -20.67 and a beta of 3.57.

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. 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.