Blackrock Silver (CVE:BRC) Stock Price Up 28.2% After Insider Buying Activity

Key Points

• Blackrock Silver Corp. shares surged by 28.2% during mid-day trading, reaching a high of C$0.97 and closing at C$0.91, showing a significant increase in trading volume.
• Insiders have actively bought shares, with 3,083,400 shares acquired over the past ninety days, signaling confidence in the company's future.
• The company, specializing in the acquisition and development of mineral properties, has a market capitalization of C$296.20 million and continues to explore for gold and silver deposits primarily in North America.

Blackrock Silver Corp. (CVE:BRC - Get Free Report)'s share price rose 28.2% on Friday after an insider bought additional shares in the company. The company traded as high as C$0.97 and last traded at C$0.91. Approximately 5,114,042 shares changed hands during mid-day trading, an increase of 590% from the average daily volume of 741,235 shares. The stock had previously closed at C$0.71.

Specifically, insider 2176423 Ontario Ltd. bought 781,704 shares of Blackrock Silver stock in a transaction dated Thursday, September 11th. The stock was bought 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 in the company, valued at approximately C$32,722,907.64. The trade was a 1.65% increase in their position. Also, insider Eric Sprott bought 781,704 shares of Blackrock Silver stock in a transaction dated Thursday, September 11th. The shares were bought at an average cost of C$0.68 per share, with a total value of C$531,558.72. Following the completion of the transaction, the insider directly owned 48,121,923 shares in the company, valued at approximately C$32,722,907.64. This trade represents a 1.65% increase in their ownership of the stock. In other news, insider 2176423 Ontario Ltd. purchased 100,000 shares of the company's stock in a transaction dated Monday, August 18th. The shares were purchased at an average price of C$0.61 per share, with a total value of C$60,700.00. Following the transaction, the insider directly owned 46,540,219 shares of the company's stock, valued at approximately C$28,249,912.93. This represents a 0.22% increase in their ownership of the stock.

Blackrock Silver Stock Performance

The company has a market capitalization of C$276.67 million, a PE ratio of -10.63 and a beta of 2.31. 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 company has a 50-day moving average price of C$0.64 and a two-hundred day moving average price of C$0.46.

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.