Blackrock Silver (CVE:BRC) Shares Down 4.6% - Here's What Happened

Key Points

• Blackrock Silver Corp. shares dropped by 4.6% to C$0.62, with a significant decline in trading volume compared to average levels, indicating potential investor concern.
• The company has a debt-to-equity ratio of 0.45 and a market capitalization of C$176.26 million, suggesting a relatively stable financial structure.
• Insider activity remains strong with 2,887,400 shares purchased in the last three months, indicating management confidence despite the current stock price decline.

Blackrock Silver Corp. (CVE:BRC - Get Free Report)'s share price was down 4.6% during trading on Tuesday . The company traded as low as C$0.61 and last traded at C$0.62. Approximately 364,288 shares were traded during trading, a decline of 46% from the average daily volume of 675,577 shares. The stock had previously closed at C$0.65.

Blackrock Silver Trading Down 1.6%

The company has a market cap of C$173.41 million, a P/E ratio of -26.89 and a beta of 3.19. The business has a fifty day moving average price of C$0.52 and a 200-day moving average price of C$0.40. The company has a quick ratio of 3.14, a current ratio of 8.57 and a debt-to-equity ratio of 0.45.

Insider Activity

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