Blackrock Silver (CVE:BRC) Trading Up 28.2% - Time to Buy?

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 - )'s share price rose 28.2% during mid-day trading on Friday . The stock traded as high as C$0.97 and last traded at C$0.91. Approximately 5,114,042 shares traded hands during trading, an increase of 590% from the average daily volume of 741,235 shares. The stock had previously closed at C$0.71.

Blackrock Silver Trading Up 28.2%

The firm has a market capitalization of C$296.20 million, a PE ratio of -11.38 and a beta of 2.31. The company's 50-day moving average price is C$0.62 and its 200-day moving average price is C$0.45. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.14 and a current ratio of 8.57.

Insider Buying and Selling at Blackrock Silver

In other news, insider 2176423 Ontario Ltd. acquired 100,000 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was acquired at an average cost of C$0.61 per share, with a total value of C$60,700.00. Following the transaction, the insider owned 46,540,219 shares in the company, valued at approximately C$28,249,912.93. This trade represents a 0.22% increase in their ownership of the stock. Also, insider Eric Sprott acquired 100,000 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were purchased at an average cost of C$0.61 per share, with a total value of C$60,700.00. Following the completion of the transaction, the insider owned 46,540,219 shares in the company, valued at approximately C$28,249,912.93. The trade was a 0.22% increase in their position. Over the last ninety days, insiders have bought 3,083,400 shares of company stock valued at $1,535,438. Corporate 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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