Blackrock Silver (CVE:BRC) Sets New 52-Week High - What's Next?

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 - Get Free Report)'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 trading hands. The stock had previously closed at C$0.95.

Blackrock Silver Price Performance

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 firm has a market cap of C$288.06 million, a price-to-earnings ratio of -11.06 and a beta of 2.31. The stock has a 50-day moving average of C$0.66 and a two-hundred day moving average of C$0.48.

Insider Transactions at Blackrock Silver

In related news, insider Eric Sprott bought 781,704 shares of the business's stock in a transaction that occurred 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 transaction, the insider directly owned 48,121,923 shares of the company's stock, valued at C$32,722,907.64. This represents a 1.65% increase in their ownership of the stock. Also, insider 2176423 Ontario Ltd. bought 781,704 shares of the company's stock in a transaction dated Thursday, September 11th. The shares were purchased at an average price 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 of the company's stock, valued at C$32,722,907.64. The trade was a 1.65% increase in their ownership of the stock. Insiders have bought a total of 3,953,308 shares of company stock valued at $2,321,919 over the last ninety days. Company insiders own 17.84% of the company's stock.

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.