Blackrock Silver (CVE:BRC) Hits New 1-Year High - What's Next?

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 reached a new 52-week high on Wednesday . The stock traded as high as C$0.61 and last traded at C$0.59, with a volume of 344636 shares. The stock had previously closed at C$0.59.

Blackrock Silver Stock Down 1.6%

The firm's 50 day moving average is C$0.50 and its two-hundred day moving average is C$0.40. The firm has a market cap of C$179.10 million, a P/E ratio of -27.77 and a beta of 3.19. The company has a current ratio of 8.57, a quick ratio of 3.14 and a debt-to-equity ratio of 0.45.

Insiders Place Their Bets

In other news, insider 2176423 Ontario Ltd. acquired 693,500 shares of Blackrock Silver stock in a transaction that occurred on Wednesday, June 18th. The shares were acquired at an average price of C$0.40 per share, with a total value of C$276,637.15. Over the last 90 days, insiders have purchased 2,887,400 shares of company stock worth $1,415,258. 17.84% of the stock is owned by company insiders.

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.