Blackrock Silver (CVE:BRC) Trading 16.4% Higher – Time to Buy?

Blackrock Silver Corp. (CVE:BRC)’s stock price traded up 16.4% during mid-day trading on Tuesday . The stock traded as high as C$1.85 and last traded at C$1.85. 1,712,087 shares changed hands during trading, a decline of 6% from the average session volume of 1,819,717 shares. The stock had previously closed at C$1.59.

Blackrock Silver Stock Up 16.4%

The stock has a market cap of C$639.27 million, a P/E ratio of -23.13 and a beta of 2.75. The company’s fifty day moving average price is C$1.44 and its 200-day moving average price is C$0.99. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.14 and a current ratio of 8.57.

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.