Blackrock Silver (CVE:BRC) Stock Price Down 14.9% - Here's Why

Key Points

• Blackrock Silver Corp. experienced a significant drop in stock price, falling 14.9% to C$0.74 amid increased trading volume.
• Insiders have been active, with Eric Sprott acquiring 781,704 shares at C$0.68, increasing his ownership by 1.65% to a total of approximately C$32.7 million.
• The company, focused on gold and silver exploration in North America, has a market cap of C$247.37 million and a debt-to-equity ratio of 0.45.

Blackrock Silver Corp. (CVE:BRC - ) fell 14.9% during trading on Wednesday . The company traded as low as C$0.68 and last traded at C$0.74. 2,845,309 shares were traded during mid-day trading, an increase of 237% from the average session volume of 844,945 shares. The stock had previously closed at C$0.87.

Blackrock Silver Stock Performance

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 stock has a market cap of C$247.37 million, a P/E ratio of -9.50 and a beta of 2.31. The stock has a fifty day simple moving average of C$0.70 and a 200-day simple moving average of C$0.50.

Insider Transactions at Blackrock Silver

In related news, insider Eric Sprott bought 781,704 shares of Blackrock Silver stock in a transaction on Thursday, September 11th. The shares were purchased 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 approximately 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 Blackrock Silver stock in a transaction on Thursday, September 11th. The shares were bought at an average price of C$0.68 per share, for a total transaction of C$531,558.72. Following the acquisition, the insider owned 48,121,923 shares of the company's stock, valued at approximately C$32,722,907.64. The trade was a 1.65% increase in their position. In the last 90 days, insiders have acquired 3,312,808 shares of company stock worth $2,026,687. Company 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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