Blackrock Silver (CVE:BRC) Stock: Insider Randip Minhas Sells 175,000 Shares

by · The Markets Daily

Blackrock Silver Corp. (CVE:BRC – Get Free Report) insider Randip Minhas sold 175,000 shares of the firm’s 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 completion of the sale, the insider owned 334,000 shares of the company’s stock, valued at approximately C$317,300. This represents a 34.38% decrease in their ownership of the stock.

Blackrock Silver Stock Performance

BRC stock remained flat at C$0.94 during trading on Tuesday. The company had a trading volume of 465,855 shares, compared to its average volume of 1,012,318. The business’s fifty day simple moving average is C$1.14 and its 200 day simple moving average is C$1.14. The firm has a market capitalization of C$357.60 million, a price-to-earnings ratio of -15.67 and a beta of 3.59. The company has a current ratio of 13.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.08. Blackrock Silver Corp. has a fifty-two week low of C$0.58 and a fifty-two week high of C$2.41.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group set a C$2.10 price objective on shares of Blackrock Silver and gave the company a “moderate buy” rating in a research note on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Strong Buy” and a consensus price target of C$2.10.

View Our Latest Report on Blackrock Silver

About Blackrock Silver

(Get Free Report)

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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