Blackrock Silver (CVE:BRC) Sets New 12-Month High - Here's Why

Key Points

• Blackrock Silver Corp. shares reached a new 12-month high, trading up to C$0.79 before closing at C$0.78 with a market cap of C$246.49 million.
• Insiders have shown significant confidence in the company, purchasing a total of 2,883,400 shares worth over C$1.4 million in the last 90 days.
• The company's flagship property is the Tonopah West silver-gold project located in Nevada, focusing on gold and silver exploration and development.

Blackrock Silver Corp. (CVE:BRC - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The company traded as high as C$0.79 and last traded at C$0.78, with a volume of 1470688 shares changing hands. The stock had previously closed at C$0.74.

Blackrock Silver Stock Performance

The company has a market cap of C$243.29 million, a PE ratio of -9.50 and a beta of 2.31. 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 company has a 50-day moving average of C$0.60 and a 200-day moving average of C$0.44.

Insiders Place Their Bets

In other Blackrock Silver news, insider 2176423 Ontario Ltd. acquired 693,500 shares of the business's stock in a transaction 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. Insiders acquired a total of 2,883,400 shares of company stock valued at $1,414,038 over the last 90 days. 17.84% of the stock is currently owned by insiders.

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.