Blackrock Silver (CVE:BRC) Trading Down 4.6% - What's Next?

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 stock price traded down 4.6% on Tuesday . The stock traded as low as C$0.61 and last traded at C$0.62. 364,288 shares were traded during trading, a decline of 46% from the average session volume of 675,577 shares. The stock had previously closed at C$0.65.

Blackrock Silver Stock Down 1.6%

The stock has a market capitalization of C$173.41 million, a price-to-earnings ratio of -26.89 and a beta of 3.19. The company has a quick ratio of 3.14, a current ratio of 8.57 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average of C$0.52 and a two-hundred day moving average of C$0.41.

Insiders Place Their Bets

In other Blackrock Silver news, insider 2176423 Ontario Ltd. purchased 693,500 shares of the company's stock in a transaction that occurred on Wednesday, June 18th. The shares were purchased at an average cost of C$0.40 per share, with a total value of C$276,637.15. Insiders acquired 2,883,400 shares of company stock worth $1,414,038 over the last quarter. 17.84% of the stock is currently owned by 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.