Blackrock Silver (CVE:BRC) Rating Increased to Moderate Buy at Raymond James

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

Blackrock Silver Price Performance

Shares of BRC stock opened at C$0.42 on Monday. Blackrock Silver has a 1 year low of C$0.19 and a 1 year high of C$0.58. The firm’s 50 day moving average is C$0.42 and its 200-day moving average is C$0.33. The firm has a market capitalization of C$114.40 million, a price-to-earnings ratio of -20.50 and a beta of 3.19. The company has a current ratio of 8.57, a quick ratio of 3.14 and a debt-to-equity ratio of 0.45.

Blackrock Silver (CVE:BRC) last announced its earnings results on Friday, September 27th. The company reported C($0.01) earnings per share (EPS) for the quarter.

Insider Buying and Selling

In related news, Director Antony Wood sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of C$0.36, for a total transaction of C$45,025.00. Also, Director Andrew Pollard sold 273,800 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of C$0.37, for a total transaction of C$101,990.50. Insiders sold a total of 573,800 shares of company stock valued at $209,141 over the last ninety days. 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.