Eric Sprott Buys 100,000 Shares of Blackrock Silver (CVE:BRC) Stock

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 purchased 100,000 shares of the stock in a transaction on Monday, August 18th. The stock was acquired at an average cost of C$0.61 per share, for a total transaction of C$60,700.00. Following the completion of the acquisition, the insider owned 46,540,219 shares of the company's stock, valued at C$28,249,912.93. The trade was a 0.22% increase in their position.

Blackrock Silver Price Performance

Shares of BRC stock traded down C$0.04 during mid-day trading on Tuesday, hitting C$0.64. 2,758,960 shares of the stock were exchanged, compared to its average volume of 718,391. The firm has a fifty day moving average of C$0.60 and a 200 day moving average of C$0.44. The company has a quick ratio of 3.14, a current ratio of 8.57 and a debt-to-equity ratio of 0.45. Blackrock Silver Corp. has a 52-week low of C$0.26 and a 52-week high of C$0.84. The company has a market cap of C$208.31 million, a PE ratio of -8.00 and a beta of 2.31.

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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