Blackrock Silver (CVE:BRC) Shares Up 7.8% - Should You Buy?

Shares of Blackrock Silver Corp. (CVE:BRC - Get Free Report) were up 7.8% on Wednesday . The stock traded as high as C$0.35 and last traded at C$0.35. Approximately 263,531 shares changed hands during trading, a decline of 57% from the average daily volume of 617,623 shares. The stock had previously closed at C$0.32.

Analyst Upgrades and Downgrades

Separately, Raymond James set a C$1.00 price objective on Blackrock Silver and gave the stock an "outperform" rating in a research report on Tuesday, November 26th.

Blackrock Silver Price Performance

The firm has a market cap of C$99.50 million, a P/E ratio of -15.43 and a beta of 3.19. The company has a quick ratio of 3.14, a current ratio of 8.57 and a debt-to-equity ratio of 0.45. The firm has a fifty day moving average of C$0.37 and a 200-day moving average of C$0.38.

Insider Buying and Selling

In other Blackrock Silver news, insider 2176423 Ontario Ltd. acquired 1,000,000 shares of the company's stock in a transaction on Monday, February 10th. The shares were purchased at an average price of C$0.35 per share, for a total transaction of C$348,800.00. 17.84% of the stock is currently owned by corporate insiders.

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.