Insider Selling: Blackrock Silver (CVE:BRC) Director Sells C$119,600.00 in Stock

Blackrock Silver Corp. (CVE:BRC) Director Antony Wood sold 115,000 shares of the business’s stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of C$1.04, for a total transaction of C$119,600.00. Following the completion of the transaction, the director owned 221,000 shares of the company’s stock, valued at approximately C$229,840. This represents a 34.23% decrease in their ownership of the stock.

Blackrock Silver Stock Performance

CVE BRC traded down C$0.03 during mid-day trading on Wednesday, reaching C$1.00. 544,900 shares of the stock were exchanged, compared to its average volume of 1,017,124. The business’s 50 day moving average is C$1.14 and its 200-day moving average is C$1.15. 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 market capitalization of C$380.43 million, a P/E ratio of -16.67 and a beta of 3.50. 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

Several equities research analysts have recently issued reports on BRC shares. Canaccord Genuity Group set a C$2.10 target price on shares of Blackrock Silver and gave the stock a “moderate buy” rating in a research note on Friday, August 21st. Freedom Capital upgraded Blackrock Silver from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat, Blackrock Silver currently has an average rating of “Strong Buy” and a consensus 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.