Blackrock Silver (CVE:BRC) Reaches New 1-Year High - Still a Buy?

Key Points

• Blackrock Silver Corp. shares reached a new 12-month high of C$0.65 during trading, reflecting significant interest with a trading volume of 585,575 shares.
• The company has a market capitalization of C$176.26 million and has experienced insider buying, with insiders acquiring nearly 2.9 million shares in the past 90 days.
• Blackrock Silver is primarily involved in the exploration and development of mineral properties, focusing on gold and silver deposits in Canada and the U.S., with its flagship project being the Tonopah West silver-gold project.

Blackrock Silver Corp. (CVE:BRC - Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as C$0.65 and last traded at C$0.63, with a volume of 585575 shares. The stock had previously closed at C$0.63.

Blackrock Silver Trading Up 2.8%

The stock has a market capitalization of C$236.88 million, a P/E ratio of -9.25 and a beta of 2.19. The company has a current ratio of 8.57, a quick ratio of 3.14 and a debt-to-equity ratio of 0.45. The stock's fifty day moving average price is C$0.57 and its two-hundred day moving average price is C$0.43.

Insider Buying and Selling at Blackrock Silver

In other Blackrock Silver news, insider 2176423 Ontario Ltd. acquired 500,000 shares of the stock in a transaction dated Wednesday, July 30th. The stock was purchased at an average cost of C$0.54 per share, for a total transaction of C$270,000.00. In the last three months, insiders have purchased 2,883,400 shares of company stock valued at $1,414,038. Insiders own 17.84% of the company's stock.

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.