Blackrock Silver (CVE:BRC) Shares Down 13.8% – Time to Sell?

Blackrock Silver Corp. (CVE:BRC)’s share price dropped 13.8% during mid-day trading on Friday . The company traded as low as C$0.34 and last traded at C$0.35. Approximately 2,171,486 shares traded hands during mid-day trading, an increase of 710% from the average daily volume of 267,945 shares. The stock had previously closed at C$0.40.

Wall Street Analyst Weigh In

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

Blackrock Silver Trading Down 11.3 %

The firm has a market capitalization of C$96.69 million, a PE ratio of -17.75 and a beta of 3.19. The firm has a 50 day simple moving average of C$0.40 and a 200 day simple moving average of 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.