Blackrock Silver (CVE:BRC) Stock Price Down 3.2% – Time to Sell?

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

Wall Street Analyst Weigh In

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

Blackrock Silver Price Performance

The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.14 and a current ratio of 13.70. The company has a fifty day moving average price of C$1.02 and a two-hundred day moving average price of C$1.31. The company has a market cap of C$345.26 million, a P/E ratio of -15.33 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.