Blackrock Silver (CVE:BRC) Trading 11.8% Higher – Still a Buy?

Shares of Blackrock Silver Corp. (CVE:BRC) traded up 11.8% on Wednesday . The stock traded as high as C$1.24 and last traded at C$1.23. Approximately 647,260 shares were traded during mid-day trading, a decline of 38% from the average session volume of 1,036,502 shares. The stock had previously closed at C$1.10.

Analyst Upgrades and Downgrades

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

Blackrock Silver Stock Up 11.8%

The firm has a market cap of C$461.59 million, a price-to-earnings ratio of -20.50 and a beta of 3.60. The stock’s 50 day moving average is C$1.00 and its 200 day moving average is C$1.27. The company has a quick ratio of 3.14, a current ratio of 13.70 and a debt-to-equity ratio of 0.09.

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.