Blackrock Silver (CVE:BRC) Trading Up 12.2% – Should You Buy?

Blackrock Silver Corp. (CVE:BRC)’s stock price was up 12.2% during mid-day trading on Tuesday . The company traded as high as C$1.31 and last traded at C$1.29. Approximately 231,750 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 1,597,252 shares. The stock had previously closed at C$1.15.

Blackrock Silver Trading Up 17.4%

The company has a fifty day simple moving average of C$1.61 and a two-hundred day simple moving average of C$1.15. 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 market cap of C$490.55 million, a PE ratio of -19.29 and a beta of 3.20.

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.