Blackrock Silver (CVE:BRC) Shares Down 2.2% – Here’s What Happened

Blackrock Silver Corp. (CVE:BRC)’s share price dropped 2.2% on Tuesday . The stock traded as low as C$0.87 and last traded at C$0.90. Approximately 1,514,487 shares changed hands during mid-day trading, an increase of 81% from the average daily volume of 835,831 shares. The stock had previously closed at C$0.92.

Blackrock Silver Trading Down 2.2%

The business has a 50-day moving average of C$0.67 and a 200-day moving average of C$0.48. The stock has a market capitalization of C$292.94 million, a price-to-earnings ratio of -11.25 and a beta of 2.31. 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

In other Blackrock Silver news, insider 2176423 Ontario Ltd. bought 781,704 shares of Blackrock Silver stock in a transaction dated Thursday, September 11th. The stock was acquired 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 owned 48,121,923 shares of the company’s stock, valued at approximately C$32,722,907.64. This represents a 1.65% increase in their ownership of the stock. Also, insider Eric Sprott bought 781,704 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were acquired at an average price of C$0.68 per share, with a total value of C$531,558.72. Following the purchase, the insider directly owned 48,121,923 shares of the company’s stock, valued at approximately C$32,722,907.64. This trade represents a 1.65% increase in their position. Over the last 90 days, insiders have bought 3,953,308 shares of company stock worth $2,321,919. 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.