Blackrock Silver (CVE:BRC) Trading Down 4.2% – What’s Next?

Blackrock Silver Corp. (CVE:BRC) shares traded down 4.2% during trading on Thursday . The company traded as low as C$0.35 and last traded at C$0.35. 423,492 shares were traded during mid-day trading, an increase of 10% from the average session volume of 383,278 shares. The stock had previously closed at C$0.36.

Analysts Set New Price Targets

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

Blackrock Silver Stock Performance

The business’s 50 day simple moving average is C$0.44 and its two-hundred day simple moving average is C$0.34. The firm has a market capitalization of C$93.97 million, a PE ratio of -17.25 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.

Blackrock Silver (CVE:BRC) last announced its earnings results on Friday, September 27th. The company reported C($0.01) earnings per share (EPS) for the quarter.

Insiders Place Their Bets

In other Blackrock Silver news, Director Andrew Pollard sold 273,800 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$0.37, for a total value of C$101,990.50. Also, Senior Officer Amit Kumar sold 175,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of C$0.36, for a total value of C$62,125.00. Insiders sold 573,800 shares of company stock worth $209,141 in the last three months. 17.84% of the stock is owned by company 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.