Blackrock Silver (CVE:BRC) Insider Sells C$166,250.00 in Stock

Blackrock Silver Corp. (CVE:BRC) insider Randip Minhas sold 175,000 shares of Blackrock Silver stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of C$0.95, for a total value of C$166,250.00. Following the completion of the transaction, the insider owned 334,000 shares of the company’s stock, valued at approximately C$317,300. This represents a 34.38% decrease in their position.

Blackrock Silver Stock Performance

CVE BRC opened at C$0.87 on Friday. The stock has a market capitalization of C$330.97 million, a price-to-earnings ratio of -14.50 and a beta of 3.59. The stock has a 50-day moving average of C$1.14 and a 200 day moving average of C$1.14. The company has a current ratio of 13.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.08. Blackrock Silver Corp. has a twelve month low of C$0.58 and a twelve month high of C$2.41.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group set a C$2.10 target price on Blackrock Silver and gave the company a “moderate buy” rating in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Strong Buy” and an average target price of C$2.10.

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.