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

Shares of Blackrock Silver Corp. (CVE:BRC - Get Free Report) fell 12.5% on Friday . The company traded as low as C$0.34 and last traded at C$0.35. 1,623,756 shares traded hands during mid-day trading, an increase of 556% from the average session volume of 247,380 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 Blackrock Silver and gave the stock an "outperform" rating in a research note on Tuesday, November 26th.

Blackrock Silver Price Performance

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 stock's 50 day moving average price is C$0.40 and its two-hundred day moving average price is C$0.36. The stock has a market cap of C$96.69 million, a price-to-earnings ratio of -17.75 and a beta of 3.19.

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.