Blackrock Silver (CVE:BRC) Shares Up 28.2% on Insider Buying Activity

Blackrock Silver Corp. (CVE:BRC) shares rose 28.2% during trading on Friday after an insider bought additional shares in the company. The stock traded as high as C$0.97 and last traded at C$0.91. Approximately 5,114,042 shares traded hands during mid-day trading, an increase of 590% from the average daily volume of 741,235 shares. The stock had previously closed at C$0.71.

Specifically, insider 2176423 Ontario Ltd. acquired 781,704 shares of Blackrock Silver stock in a transaction on Thursday, September 11th. The stock was bought at an average price of C$0.68 per share, for a total transaction of C$531,558.72. Following the completion of the purchase, the insider owned 48,121,923 shares in the company, valued at C$32,722,907.64. This represents a 1.65% increase in their ownership of the stock. Also, insider Eric Sprott acquired 781,704 shares of Blackrock Silver stock in a transaction on Thursday, September 11th. The stock was purchased at an average price of C$0.68 per share, with a total value of C$531,558.72. Following the purchase, the insider owned 48,121,923 shares of the company’s stock, valued at C$32,722,907.64. The trade was a 1.65% increase in their position. In related news, insider 2176423 Ontario Ltd. bought 100,000 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were acquired at an average price of C$0.61 per share, with a total value of C$60,700.00. Following the completion of the acquisition, the insider owned 46,540,219 shares in the company, valued at approximately C$28,249,912.93. This trade represents a 0.22% increase in their position.

Blackrock Silver Stock Performance

The firm has a market cap of C$270.16 million, a price-to-earnings ratio of -10.38 and a beta of 2.31. 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 stock has a fifty day moving average price of C$0.62 and a 200-day moving average price of C$0.45.

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.