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

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 - ) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.65 and last traded at C$0.63, with a volume of 585575 shares traded. The stock had previously closed at C$0.63.

Blackrock Silver Stock Performance

The company has a market capitalization of C$176.26 million, a P/E ratio of -27.33 and a beta of 3.19. The business has a 50-day moving average of C$0.54 and a 200-day moving average of C$0.42. The company has a debt-to-equity ratio of 0.45, a current ratio of 8.57 and a quick ratio of 3.14.

Insider Buying and Selling at Blackrock Silver

In other news, insider 2176423 Ontario Ltd. acquired 500,000 shares of the firm's stock in a transaction that occurred on 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. Insiders bought 2,883,400 shares of company stock valued at $1,414,038 in the last ninety days. 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.

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