Blackrock Silver (CVE:BRC) Trading 2.8% Higher – Here’s Why

Blackrock Silver Corp. (CVE:BRC) shares traded up 2.8% during mid-day trading on Monday . The company traded as high as C$1.16 and last traded at C$1.10. 631,137 shares were traded during mid-day trading, a decline of 50% from the average session volume of 1,252,880 shares. The stock had previously closed at C$1.07.

Analyst Upgrades and Downgrades

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

Blackrock Silver Price Performance

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 firm has a market cap of C$392.95 million, a PE ratio of -17.83 and a beta of 3.55. The firm’s fifty day simple moving average is C$1.23 and its two-hundred day simple moving average is C$1.34.

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.