Blackrock Silver (CVE:BRC) Upgraded by Raymond James to “Moderate Buy” Rating

Raymond James upgraded shares of Blackrock Silver (CVE:BRC) to a moderate buy rating in a report published on Monday morning,Zacks.com reports.

Blackrock Silver Price Performance

BRC stock opened at C$0.39 on Monday. The stock has a market capitalization of C$106.23 million, a P/E ratio of -19.50 and a beta of 3.19. Blackrock Silver has a fifty-two week low of C$0.19 and a fifty-two week high of C$0.58. The business has a 50-day moving average of C$0.42 and a 200-day moving average of C$0.33. 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 earnings results on Friday, September 27th. The company reported C($0.01) earnings per share for the quarter.

Insider Buying and Selling

In other news, Senior Officer Amit Kumar sold 175,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of C$0.36, for a total value of C$62,125.00. Also, Director Antony Wood sold 125,000 shares of the business’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of C$0.36, for a total transaction of C$45,025.00. Over the last quarter, insiders have sold 573,800 shares of company stock worth $209,141. Corporate insiders own 17.84% of the company’s stock.

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.