Blackrock Silver (CVE:BRC) Trading Down 4.2% – Here’s What Happened

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

Wall Street Analysts Forecast Growth

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

Blackrock Silver Stock Down 4.2 %

The company has a current ratio of 8.57, a quick ratio of 3.14 and a debt-to-equity ratio of 0.45. The company has a market capitalization of C$93.97 million, a P/E ratio of -17.25 and a beta of 3.19. The stock has a 50 day moving average price of C$0.44 and a 200 day moving average price of C$0.34.

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

Insiders Place Their Bets

In other Blackrock Silver news, Director Antony Wood sold 125,000 shares of Blackrock Silver stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of C$0.36, for a total transaction of C$45,025.00. Also, Director Andrew Pollard sold 273,800 shares of the firm’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$0.37, for a total value of C$101,990.50. Over the last quarter, insiders have sold 573,800 shares of company stock worth $209,141. Corporate insiders own 17.84% of the company’s stock.

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.