Blackrock Silver (CVE:BRC) Trading Up 2.8% – Time to Buy?

Shares of Blackrock Silver Corp. (CVE:BRC) were up 2.8% on Monday . The company traded as high as C$1.16 and last traded at C$1.10. Approximately 631,137 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 1,252,880 shares. The stock had previously closed at C$1.07.

Analyst Ratings Changes

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

Blackrock Silver Price Performance

The company has a current ratio of 12.66, a quick ratio of 3.14 and a debt-to-equity ratio of 0.12. The company has a 50 day moving average price of C$1.24 and a 200 day moving average price of C$1.34. The company has a market capitalization of C$403.97 million, a P/E ratio of -18.33 and a beta of 3.55.

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.