Blackrock Silver (CVE:BRC) Stock Rating Upgraded by Raymond James

Blackrock Silver (CVE:BRC) was upgraded by analysts at Raymond James to a “moderate buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Blackrock Silver Stock Performance

CVE BRC opened at C$0.39 on Monday. The company has a fifty day simple moving average of C$0.42 and a 200 day simple moving average of C$0.33. Blackrock Silver has a 12-month low of C$0.19 and a 12-month high of C$0.58. 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 company has a market cap of C$106.23 million, a P/E ratio of -19.50 and a beta of 3.19.

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

Insider Transactions at Blackrock Silver

In other news, Director Andrew Pollard sold 273,800 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of C$0.37, for a total value of C$101,990.50. Also, Senior Officer Amit Kumar sold 175,000 shares of Blackrock Silver stock in a transaction 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. Insiders sold a total of 573,800 shares of company stock worth $209,141 in the last quarter. 17.84% of the stock is currently owned by corporate insiders.

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.