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

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

Analysts Set New Price Targets

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

Blackrock Silver Stock Performance

The firm has a market capitalization of C$403.97 million, a price-to-earnings ratio of -18.33 and a beta of 3.55. The company has a fifty day moving average of C$1.24 and a two-hundred day moving average of C$1.34. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.14 and a current ratio of 12.66.

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.