Blackrock Silver (CVE:BRC) Insider Eric Sprott Acquires 100,000 Shares

Key Points

• Eric Sprott, a notable insider, purchased 100,000 shares of Blackrock Silver Corp. at an average cost of C$0.61, increasing his total holdings in the company to 46,540,219 shares.
• The share price of Blackrock Silver Corp. decreased to C$0.64 after trading down by C$0.04, with a recent average trading volume significantly higher than usual.
• Blackrock Silver Corp. focuses on the exploration and development of mineral properties, primarily targeting gold and silver deposits in Canada and the United States.

Blackrock Silver Corp. (CVE:BRC - Get Free Report) insider Eric Sprott bought 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 of the company's stock, valued at C$28,249,912.93. This trade represents a 0.22% increase in their ownership of the stock.

Eric Sprott also recently made the following trade(s):

• On Thursday, September 11th, Eric Sprott bought 781,704 shares of Blackrock Silver stock. The stock was acquired at an average cost of C$0.68 per share, with a total value of C$531,558.72.

Blackrock Silver Stock Up 16.9%

BRC traded up C$0.12 during trading on Friday, reaching C$0.83. 12,205,025 shares of the stock traded hands, compared to its average volume of 793,157. The stock has a market cap of C$270.16 million, a price-to-earnings ratio of -10.38 and a beta of 2.31. Blackrock Silver Corp. has a fifty-two week low of C$0.27 and a fifty-two week high of C$0.98. 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's 50-day simple moving average is C$0.62 and its two-hundred day simple moving average is C$0.45.

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.