Blackrock Silver (CVE:BRC) Shares Down 12.5% - Here's What Happened

Shares of Blackrock Silver Corp. (CVE:BRC - Get Free Report) traded down 12.5% during trading on Friday . The stock traded as low as C$0.34 and last traded at C$0.35. 1,258,284 shares traded 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 Analyst Weigh In

Separately, Raymond James set a C$1.00 target price 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 company has a current ratio of 8.57, a quick ratio of 3.14 and a debt-to-equity ratio of 0.45. The firm has a market cap of C$96.69 million, a PE ratio of -17.75 and a beta of 3.19. The company's 50-day moving average is C$0.40 and its 200 day moving average is C$0.36.

Blackrock Silver Company Profile

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.