Blackrock Silver (CVE:BRC) Sets New 1-Year High - Should You Buy?

Key Points

• Blackrock Silver Corp. reached a new 52-week high of C$1.00, closing at C$0.97, with a trading volume of over 1.75 million shares.
• The company has a market capitalization of C$299.45 million and a P/E ratio of -11.50.
• Recent insider transactions involved the purchase of 1,563,408 shares at an average price of C$0.68, indicating increased insider confidence in the company's prospects.

Blackrock Silver Corp. (CVE:BRC - )'s stock price reached a new 52-week high on Monday . The company traded as high as C$1.00 and last traded at C$0.97, with a volume of 1750922 shares traded. The stock had previously closed at C$0.95.

Blackrock Silver Stock Performance

The company has a market cap of C$299.45 million, a P/E ratio of -11.50 and a beta of 2.31. The company's fifty day moving average is C$0.66 and its 200 day moving average is C$0.47. The company has a current ratio of 8.57, a quick ratio of 3.14 and a debt-to-equity ratio of 0.45.

Insider Buying and Selling

In other news, insider 2176423 Ontario Ltd. acquired 781,704 shares of the firm's stock in a transaction on Thursday, September 11th. The stock was acquired at an average price of C$0.68 per share, for a total transaction of C$531,558.72. Following the completion of the acquisition, the insider owned 48,121,923 shares in the company, valued at C$32,722,907.64. This trade represents a 1.65% increase in their ownership of the stock. Also, insider Eric Sprott acquired 781,704 shares of Blackrock Silver stock in a transaction that occurred on Thursday, September 11th. The shares were bought at an average cost of C$0.68 per share, with a total value of C$531,558.72. Following the transaction, the insider owned 48,121,923 shares in the company, valued at C$32,722,907.64. This represents a 1.65% increase in their ownership of the stock. In the last 90 days, insiders have purchased 3,953,308 shares of company stock valued at $2,321,919. 17.84% of the stock is owned by corporate 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.

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