Blackrock Silver (CVE:BRC) Trading Up 28.2% - What's Next?

Key Points

• Blackrock Silver Corp. saw a significant stock price increase of 28.2% during trading, reaching a high of C$0.97, with a notable surge in trading volume.
• Insider Eric Sprott purchased 100,000 shares at C$0.61 each, increasing his ownership in the company, while other insiders also bought shares, contributing to a total of 3,083,400 shares acquired in the last ninety days.
• The company specializes in the exploration and development of gold and silver properties in North America, particularly the Tonopah West silver-gold project in Nevada.

Shares of Blackrock Silver Corp. (CVE:BRC - ) were up 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 Stock Performance

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 company has a 50 day simple moving average of C$0.62 and a 200-day simple moving average of C$0.45. The stock has a market cap of C$296.20 million, a P/E ratio of -11.38 and a beta of 2.31.

Insider Activity

In other news, insider Eric Sprott purchased 100,000 shares of the company's stock in a transaction on Monday, August 18th. The stock was purchased at an average price of C$0.61 per share, with a total value of C$60,700.00. Following the completion of the purchase, the insider directly 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 position. Also, insider 2176423 Ontario Ltd. bought 100,000 shares of the stock in a transaction dated Monday, August 18th. The stock was bought at an average cost of C$0.61 per share, with a total value of C$60,700.00. Following the purchase, the insider owned 46,540,219 shares in the company, valued at C$28,249,912.93. The trade was a 0.22% increase in their position. In the last ninety days, insiders have acquired 3,083,400 shares of company stock valued at $1,535,438. Corporate insiders own 17.84% of the company's stock.

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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