Blackrock Silver (CVE:BRC) Shares Down 5.8% – What’s Next?

Blackrock Silver Corp. (CVE:BRC) shares fell 5.8% on Tuesday . The company traded as low as C$1.42 and last traded at C$1.46. 2,845,709 shares traded hands during trading, an increase of 52% from the average session volume of 1,867,478 shares. The stock had previously closed at C$1.55.

Blackrock Silver Trading Down 5.8%

The stock’s 50 day moving average is C$1.38 and its 200-day moving average is C$0.96. The company has a debt-to-equity ratio of 0.45, a current ratio of 8.57 and a quick ratio of 3.14. The company has a market capitalization of C$504.50 million, a P/E ratio of -18.25 and a beta of 2.75.

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.