Blackrock Silver (CVE:BRC) Shares Up 4.5% – Time to Buy?

Blackrock Silver Corp. (CVE:BRC)’s stock price shot up 4.5% during mid-day trading on Wednesday . The stock traded as high as C$0.35 and last traded at C$0.35. 287,029 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 568,998 shares. The stock had previously closed at C$0.34.

Blackrock Silver Price Performance

The business’s 50 day moving average price is C$0.35 and its 200-day moving average price is C$0.39. The company has a quick ratio of 3.14, a current ratio of 8.57 and a debt-to-equity ratio of 0.45. The company has a market cap of C$95.24 million, a PE ratio of -14.77 and a beta of 3.19.

Insider Buying and Selling

In other Blackrock Silver news, insider 2176423 Ontario Ltd. bought 1,000,000 shares of Blackrock Silver stock in a transaction dated Monday, February 10th. The stock was bought at an average cost of C$0.35 per share, for a total transaction of C$348,800.00. Also, Senior Officer Amit Kumar sold 101,200 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of C$0.37, for a total transaction of C$37,444.00. 17.84% of the stock is currently owned by insiders.

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.