Blackrock Silver (CVE:BRC) Reaches New 12-Month High - Should You Buy?

Key Points

• Blackrock Silver Corp. reached a new 52-week high of C$0.61 during trading, closing at C$0.59 with a trading volume of 344,636 shares.
• Insiders purchased 2,887,400 shares worth approximately $1.4 million in the last ninety days, reflecting strong confidence in the company's future.
• The company engages in the exploration and development of mineral properties, primarily focusing on gold and silver deposits, with its flagship project located in Nevada.

Blackrock Silver Corp. (CVE:BRC - Get Free Report)'s share price hit a new 52-week high on Wednesday . The company traded as high as C$0.61 and last traded at C$0.59, with a volume of 344636 shares changing hands. The stock had previously closed at C$0.59.

Blackrock Silver Trading Down 1.6%

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 firm has a market cap of C$179.10 million, a price-to-earnings ratio of -27.77 and a beta of 3.19. The business's fifty day moving average is C$0.49 and its two-hundred day moving average is C$0.40.

Insider Buying and Selling at Blackrock Silver

In related news, insider 2176423 Ontario Ltd. purchased 500,000 shares of the stock in a transaction that occurred on Wednesday, July 30th. The stock was acquired at an average price of C$0.54 per share, with a total value of C$270,000.00. Insiders have purchased a total of 2,887,400 shares of company stock valued at $1,415,258 over the last three months. Company insiders own 17.84% of the company's stock.

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.