Blackrock Silver (CVE:BRC) Director Sells C$119,600.00 in Stock

Blackrock Silver Corp. (CVE:BRC) Director Antony Wood sold 115,000 shares of Blackrock Silver stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of C$1.04, for a total transaction of C$119,600.00. Following the completion of the transaction, the director directly owned 221,000 shares in the company, valued at C$229,840. This represents a 34.23% decrease in their ownership of the stock.

Blackrock Silver Stock Performance

Shares of BRC opened at C$0.97 on Friday. Blackrock Silver Corp. has a 12 month low of C$0.58 and a 12 month high of C$2.41. The stock has a fifty day moving average price of C$1.14 and a 200-day moving average price of C$1.15. The company has a current ratio of 13.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.08. The firm has a market cap of C$369.01 million, a PE ratio of -16.17 and a beta of 3.50.

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 research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Strong Buy” and a consensus 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.