Blackrock Silver (CVE:BRC) Trading Up 7.1% Following Insider Buying Activity

Blackrock Silver Corp. (CVE:BRC)’s share price rose 7.1% on Monday after an insider bought additional shares in the company. The company traded as high as C$0.61 and last traded at C$0.60. Approximately 1,223,010 shares were traded during trading, an increase of 79% from the average daily volume of 682,334 shares. The stock had previously closed at C$0.56.

Specifically, insider 2176423 Ontario Ltd. acquired 549,400 shares of Blackrock Silver stock in a transaction dated Thursday, July 17th. The shares were acquired at an average cost of C$0.55 per share, for a total transaction of C$302,170.00.

Blackrock Silver Price Performance

The company has a debt-to-equity ratio of 0.45, a current ratio of 8.57 and a quick ratio of 3.14. The company has a 50-day moving average price of C$0.42 and a 200-day moving average price of C$0.38. The firm has a market capitalization of C$173.41 million, a PE ratio of -26.89 and a beta of 3.19.

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.