Blackrock Silver (CVE:BRC) Trading 7.1% Higher After Insider Buying Activity

Blackrock Silver Corp. (CVE:BRC - Get Free Report)'s stock price traded up 7.1% on Monday following insider buying activity. The stock traded as high as C$0.61 and last traded at C$0.60. 1,223,010 shares traded hands during trading, an increase of 79% from the average session volume of 682,334 shares. The stock had previously closed at C$0.56.

Specifically, insider 2176423 Ontario Ltd. purchased 549,400 shares of the stock in a transaction dated Thursday, July 17th. The shares were bought at an average cost of C$0.55 per share, with a total value of C$302,170.00.

Blackrock Silver Trading Up 7.1%

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 stock has a market capitalization of C$170.57 million, a price-to-earnings ratio of -26.45 and a beta of 3.19. The business has a fifty day moving average of C$0.42 and a 200-day moving average of C$0.38.

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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