Insider Buying: Blackrock Silver Corp. (CVE:BRC) Insider Acquires 500,000 Shares of Stock

Key Points

• 2176423 Ontario Ltd., an insider of Blackrock Silver Corp., purchased 500,000 shares at an average price of C$0.54, totaling C$270,000 on July 28th.
• Prior to this purchase, the same insider made several transactions, buying a total of approximately 1.9 million shares over the previous months, indicating significant interest in the stock.
• Blackrock Silver has a market cap of C$156.36 million and its shares were trading at C$0.55, with a twelve-month range between C$0.22 and C$0.61.

Blackrock Silver Corp. (CVE:BRC - Get Free Report) insider 2176423 Ontario Ltd. bought 500,000 shares of the business's stock in a transaction on Monday, July 28th. The stock was acquired at an average cost of C$0.54 per share, for a total transaction of C$270,000.00.

2176423 Ontario Ltd. also recently made the following trade(s):

• On Wednesday, July 30th, 2176423 Ontario Ltd. bought 500,000 shares of Blackrock Silver stock. The stock was acquired at an average cost of C$0.54 per share, for a total transaction of C$270,000.00.
• On Thursday, July 17th, 2176423 Ontario Ltd. purchased 549,400 shares of Blackrock Silver stock. The shares were acquired at an average cost of C$0.55 per share, for a total transaction of C$302,170.00.
• On Friday, June 27th, 2176423 Ontario Ltd. bought 80,000 shares of Blackrock Silver stock. The shares were purchased at an average cost of C$0.45 per share, for a total transaction of C$36,000.00.
• On Thursday, June 26th, 2176423 Ontario Ltd. bought 560,500 shares of Blackrock Silver stock. The shares were purchased at an average cost of C$0.46 per share, for a total transaction of C$259,231.25.
• On Wednesday, June 18th, 2176423 Ontario Ltd. bought 693,500 shares of Blackrock Silver stock. The shares were purchased at an average cost of C$0.40 per share, for a total transaction of C$276,637.15.

Blackrock Silver Price Performance

CVE:BRC traded down C$0.01 during midday trading on Friday, hitting C$0.52. 730,033 shares of the stock were exchanged, compared to its average volume of 678,897. Blackrock Silver Corp. has a one year low of C$0.22 and a one year high of C$0.61. The company has a market capitalization of C$147.83 million, a price-to-earnings ratio of -22.92 and a beta of 3.19. The business has a 50-day moving average price of C$0.47 and a two-hundred day moving average price of C$0.39. The company has a current ratio of 8.57, a quick ratio of 3.14 and a debt-to-equity ratio of 0.45.

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.