Blackrock Silver (CVE:BRC) Stock Price Down 8.7% – Here’s Why

Blackrock Silver Corp. (CVE:BRC) dropped 8.7% during mid-day trading on Tuesday . The stock traded as low as C$0.93 and last traded at C$0.94. Approximately 580,032 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 1,177,065 shares. The stock had previously closed at C$1.03.

Analyst Upgrades and Downgrades

Separately, Freedom Capital upgraded shares of Blackrock Silver from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Blackrock Silver currently has an average rating of “Strong Buy”.

Blackrock Silver Stock Down 8.7%

The business’s 50 day simple moving average is C$1.13 and its 200-day simple moving average is C$1.35. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.14 and a current ratio of 13.70. The company has a market cap of C$352.76 million, a price-to-earnings ratio of -15.67 and a beta of 3.67.

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. It also holds 100% interest in the Silver Cloud project comprising 572 unpatented lode mining claims covering an area of 46.9 square kilometers located in Northern Nevada Rift, Nevada.