Blackrock Silver (CVE:BRC) Stock Price Down 12.5% – What’s Next?

Blackrock Silver Corp. (CVE:BRC) traded down 12.5% on Friday . The company traded as low as C$0.34 and last traded at C$0.35. 1,258,284 shares changed hands during trading, an increase of 543% from the average session volume of 195,637 shares. The stock had previously closed at C$0.40.

Wall Street Analysts Forecast Growth

Separately, Raymond James set a C$1.00 price objective on Blackrock Silver and gave the stock an “outperform” rating in a report on Tuesday, November 26th.

Blackrock Silver Trading Down 11.3 %

The stock has a market capitalization of C$96.69 million, a P/E ratio of -17.75 and a beta of 3.19. The stock’s fifty day moving average price is C$0.40 and its two-hundred day moving average price is C$0.36. The company has a current ratio of 8.57, a quick ratio of 3.14 and a debt-to-equity ratio of 0.45.

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.