Blackrock Silver (CVE:BRC) Shares Down 8.9% – Should You Sell?

Blackrock Silver Corp. (CVE:BRC)’s share price dropped 8.9% during mid-day trading on Thursday . The company traded as low as C$1.18 and last traded at C$1.18. Approximately 418,746 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 1,339,245 shares. The stock had previously closed at C$1.29.

Blackrock Silver Trading Down 7.8%

The company has a current ratio of 8.57, a quick ratio of 3.14 and a debt-to-equity ratio of 0.45. The stock has a market cap of C$394.98 million, a P/E ratio of -14.88 and a beta of 2.75. The business’s fifty day simple moving average is C$0.90 and its 200 day simple moving average is C$0.75.

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.