Blackrock Silver (CVE:BRC) Shares Down 8.7% – Should You Sell?

Blackrock Silver Corp. (CVE:BRC) traded down 8.7% during mid-day trading on Tuesday . The company traded as low as C$0.93 and last traded at C$0.94. 580,032 shares traded hands during trading, a decline of 51% from the average daily volume of 1,177,065 shares. The stock had previously closed at C$1.03.

Wall Street Analysts Forecast Growth

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 equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Blackrock Silver Stock Performance

The company has a market capitalization of C$367.77 million, a price-to-earnings ratio of -16.33 and a beta of 3.67. The firm has a fifty day simple moving average of C$1.13 and a 200 day simple moving average of C$1.35. The company has a debt-to-equity ratio of 0.09, a current ratio of 13.70 and a quick ratio of 3.14.

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.