Blackrock Silver Corp. (CVE:BRC) Insider Acquires C$348,800.00 in Stock

Blackrock Silver Corp. (CVE:BRC) insider 2176423 Ontario Ltd. bought 1,000,000 shares of the stock in a transaction on Monday, February 10th. The shares were purchased at an average price of C$0.35 per share, with a total value of C$348,800.00.

Blackrock Silver Stock Up 7.5 %

Shares of CVE:BRC traded up C$0.03 during midday trading on Wednesday, reaching C$0.36. The company had a trading volume of 1,267,709 shares, compared to its average volume of 662,331. The company has a quick ratio of 3.14, a current ratio of 8.57 and a debt-to-equity ratio of 0.45. The business’s 50 day moving average price is C$0.38 and its 200 day moving average price is C$0.37. The stock has a market cap of C$98.06 million, a PE ratio of -18.00 and a beta of 3.19. Blackrock Silver Corp. has a 1-year low of C$0.21 and a 1-year high of C$0.58.

Wall Street Analysts Forecast Growth

Separately, Raymond James set a C$1.00 target price on Blackrock Silver and gave the company an “outperform” rating in a research report on Tuesday, November 26th.

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.