Blackrock Silver (CVE:BRC) Trading Down 12.5% - Time to Sell?

Shares of Blackrock Silver Corp. (CVE:BRC - Get Free Report) were down 12.5% during mid-day trading on Friday . The company traded as low as C$0.34 and last traded at C$0.35. Approximately 1,623,756 shares changed hands during trading, an increase of 556% from the average daily volume of 247,380 shares. The stock had previously closed at C$0.40.

Analyst Upgrades and Downgrades

Separately, Raymond James set a C$1.00 target price 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 50 day moving average of C$0.40 and a 200-day moving average of C$0.36. The company has a market capitalization of C$96.69 million, a P/E ratio of -17.75 and a beta of 3.19. 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.