Blackrock Silver Corp. (CVE:BRC – Get Free Report) insider Randip Minhas sold 175,000 shares of Blackrock Silver stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of C$0.95, for a total value of C$166,250.00. Following the sale, the insider directly owned 334,000 shares in the company, valued at C$317,300. The trade was a 34.38% decrease in their ownership of the stock.
Blackrock Silver Price Performance
CVE BRC remained flat at C$0.94 during trading hours on Tuesday. 465,855 shares of the company were exchanged, compared to its average volume of 1,012,318. The company’s 50 day simple moving average is C$1.14 and its two-hundred day simple moving average is C$1.14. The firm has a market capitalization of C$357.60 million, a PE ratio of -15.67 and a beta of 3.59. Blackrock Silver Corp. has a 1-year low of C$0.58 and a 1-year high of C$2.41. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.14 and a current ratio of 13.31.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group set a C$2.10 price objective on Blackrock Silver and gave the company a “moderate buy” rating in a report on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Strong Buy” and an average price target of C$2.10.
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. It also holds 100% interest in the Silver Cloud project comprising 572 unpatented lode mining claims covering an area of 46.9 square kilometers located in Northern Nevada Rift, Nevada.
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