Blackrock Silver (CVE:BRC) Stock Price Down 4.2% – Time to Sell?

Shares of Blackrock Silver Corp. (CVE:BRC) dropped 4.2% during trading on Thursday . The stock traded as low as C$0.35 and last traded at C$0.35. Approximately 423,492 shares were traded 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.

Analysts Set New Price Targets

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

Blackrock Silver Stock Performance

The stock has a market capitalization of C$99.42 million, a price-to-earnings ratio of -18.25 and a beta of 3.19. The firm has a fifty day moving average of C$0.44 and a 200 day moving average of C$0.34. The company has a debt-to-equity ratio of 0.45, a current ratio of 8.57 and a quick ratio of 3.14.

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

Insider Activity at Blackrock Silver

In related news, Senior Officer Amit Kumar sold 175,000 shares of the company’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of C$0.36, for a total transaction of C$62,125.00. Also, Director Antony Wood sold 125,000 shares of Blackrock Silver stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of C$0.36, for a total value of C$45,025.00. Insiders sold a total of 573,800 shares of company stock worth $209,141 in the last 90 days. 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.