Blackrock Silver (CVE:BRC) Stock Price Up 11.8% – Still a Buy?

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

Wall Street Analysts Forecast Growth

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

Blackrock Silver Stock Performance

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

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. 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.