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 research report sent to investors on Monday,Zacks.com reports.

Blackrock Silver Stock Performance

Shares of BRC opened at C$0.39 on Monday. The business’s 50-day moving average price is C$0.42 and its 200 day moving average price is C$0.33. 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 capitalization of C$106.23 million, a P/E ratio of -19.50 and a beta of 3.19. Blackrock Silver has a 1-year low of C$0.19 and a 1-year high of C$0.58.

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 Activity at Blackrock Silver

In related news, Director Andrew Pollard sold 273,800 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$0.37, for a total transaction of C$101,990.50. Also, Senior Officer Amit Kumar sold 175,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of C$0.36, for a total value of C$62,125.00. Over the last ninety days, insiders have sold 573,800 shares of company stock valued at $209,141. Company insiders own 17.84% of the company’s stock.

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.