Insider Buying: Blackrock Silver (CVE:BRC) Insider Purchases C$13,860.00 in Stock

Blackrock Silver Corp. (CVE:BRC) insider Sean Robert Thompson purchased 14,000 shares of the business’s stock in a transaction on Wednesday, September 30th. The shares were purchased at an average cost of C$0.99 per share, for a total transaction of C$13,860.00. Following the transaction, the insider directly owned 14,000 shares of the company’s stock, valued at approximately C$13,860. The trade was a ∞ increase in their position.

Blackrock Silver Trading Down 2.5%

Shares of CVE:BRC traded down C$0.03 during midday trading on Thursday, reaching C$0.97. The company’s stock had a trading volume of 542,676 shares, compared to its average volume of 1,014,514. Blackrock Silver Corp. has a fifty-two week low of C$0.58 and a fifty-two week high of C$2.41. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.14 and a current ratio of 13.31. The firm has a 50 day moving average price of C$1.14 and a two-hundred day moving average price of C$1.15. The firm has a market capitalization of C$370.92 million, a price-to-earnings ratio of -16.25 and a beta of 3.50.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group set a C$2.10 price objective on shares of Blackrock Silver and gave the stock a “moderate buy” rating in a research report on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy” and an average target price of C$2.10.

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. 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.