Blackrock Silver (CVE:BRC) Trading 2.4% Higher - Here's Why

Key Points

• Blackrock Silver Corp. shares rose 2.4% on Wednesday, closing at C$0.84 after reaching a high of C$0.86, with trading volume increasing by 28% from the average.
• Insider Eric Sprott bought 781,704 shares at C$0.68 each, marking a 1.65% increase in his ownership, while company insiders collectively purchased over 3.3 million shares worth approximately $2 million last quarter.
• The firm has a market cap of C$278.51 million and notably high current and quick ratios at 8.57 and 3.14, respectively.

Blackrock Silver Corp. (CVE:BRC - ) shot up 2.4% on Wednesday . The company traded as high as C$0.86 and last traded at C$0.84. 1,158,844 shares changed hands during trading, an increase of 28% from the average session volume of 901,826 shares. The stock had previously closed at C$0.82.

Blackrock Silver Stock Up 2.4%

The company has a debt-to-equity ratio of 0.45, a current ratio of 8.57 and a quick ratio of 3.14. The firm has a market cap of C$278.51 million, a P/E ratio of -10.50 and a beta of 2.31. The stock's 50 day simple moving average is C$0.75 and its two-hundred day simple moving average is C$0.53.

Insider Transactions at Blackrock Silver

In other news, insider Eric Sprott bought 781,704 shares of the firm's stock in a transaction on Thursday, September 11th. The stock was acquired at an average cost of C$0.68 per share, with a total value of C$531,558.72. Following the completion of the acquisition, the insider owned 48,121,923 shares of the company's stock, 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 the firm's stock in a transaction on Thursday, September 11th. The stock was purchased at an average cost of C$0.68 per share, with a total value of C$531,558.72. Following the completion of the acquisition, the insider directly 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 quarter, insiders purchased 3,312,808 shares of company stock worth $2,026,687. 17.84% of the stock is currently owned by company 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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