Blackrock Silver (CVE:BRC) Shares Down 3.2% – What’s Next?

Blackrock Silver Corp. (CVE:BRCGet Free Report)’s share price was down 3.2% during trading on Wednesday . The company traded as low as C$0.89 and last traded at C$0.90. 484,968 shares changed hands during trading, a decline of 55% from the average daily volume of 1,087,686 shares. The stock had previously closed at C$0.93.

Wall Street Analyst Weigh In

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

Get Our Latest Stock Analysis on Blackrock Silver

Blackrock Silver Price Performance

The firm has a market capitalization of C$337.75 million, a P/E ratio of -15.00 and a beta of 3.67. The company has a quick ratio of 3.14, a current ratio of 13.70 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average is C$1.02 and its 200-day moving average is C$1.32.

Blackrock Silver Company Profile

(Get Free Report)

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.

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