Blackrock Silver (CVE:BRC) Stock Price Up 1.7% – Here’s What Happened

Blackrock Silver Corp. (CVE:BRC)’s share price traded up 1.7% during mid-day trading on Friday . The stock traded as high as C$1.23 and last traded at C$1.18. 419,035 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 994,754 shares. The stock had previously closed at C$1.16.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Freedom Capital upgraded Blackrock Silver from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. Canaccord Genuity Group set a C$2.10 target price on shares of Blackrock Silver and gave the company a “moderate buy” rating in a research note on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat.com, Blackrock Silver presently has a consensus rating of “Strong Buy” and an average target price of C$2.10.

Blackrock Silver Stock Performance

The firm’s 50-day moving average price is C$1.09 and its 200 day moving average price is C$1.23. The company has a market cap of C$442.83 million, a price-to-earnings ratio of -19.67 and a beta of 3.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.14 and a current ratio of 13.70.

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.