Blackrock Silver (CVE:BRC) Trading Up 1.7% – What’s Next?

Blackrock Silver Corp. (CVE:BRC – Get Free Report) shares traded up 1.7% during mid-day trading on Friday . The company traded as high as C$1.23 and last traded at C$1.18. 419,035 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 994,754 shares. The stock had previously closed at C$1.16.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Canaccord Genuity Group set a C$2.10 price objective on Blackrock Silver and gave the company a “moderate buy” rating in a research note on Friday, August 21st. Freedom Capital upgraded shares of Blackrock Silver from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Strong Buy” and a consensus target price of C$2.10.

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Blackrock Silver Trading Up 1.7%

The company has a debt-to-equity ratio of 0.09, a current ratio of 13.70 and a quick ratio of 3.14. The business has a fifty day moving average of C$1.09 and a 200-day moving average of C$1.23. The stock has a market capitalization of C$442.83 million, a price-to-earnings ratio of -19.67 and a beta of 3.50.

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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