Blackrock Silver (CVE:BRC) Shares Up 16.4% – Should You Buy?

Blackrock Silver Corp. (CVE:BRC) shares rose 16.4% on Tuesday . The company traded as high as C$1.85 and last traded at C$1.85. Approximately 1,712,087 shares were traded during mid-day trading, a decline of 6% from the average daily volume of 1,819,717 shares. The stock had previously closed at C$1.59.

Blackrock Silver Stock Performance

The stock’s 50 day simple moving average is C$1.48 and its 200 day simple moving average is C$1.00. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.14 and a current ratio of 8.57. The firm has a market cap of C$653.09 million, a PE ratio of -23.63 and a beta of 2.75.

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.