Blackrock Silver (CVE:BRC) Trading Up 6.7% – Time to Buy?

Blackrock Silver Corp. (CVE:BRC) shares were up 6.7% during mid-day trading on Friday . The company traded as high as C$0.49 and last traded at C$0.48. Approximately 568,916 shares traded hands during mid-day trading, an increase of 65% from the average daily volume of 344,296 shares. The stock had previously closed at C$0.45.

Blackrock Silver Price Performance

The stock has a market capitalization of C$138.91 million, a P/E ratio of -25.50 and a beta of 3.19. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.14 and a current ratio of 8.57. The firm has a 50-day moving average price of C$0.32 and a 200 day moving average price of C$0.31.

Blackrock Silver (CVE:BRC) last posted its quarterly earnings results on Friday, September 27th. The company reported C($0.01) EPS for the quarter.

Insider Activity at Blackrock Silver

In other Blackrock Silver news, Director Antony Wood sold 125,000 shares of Blackrock Silver stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of C$0.36, for a total value of C$45,025.00. In related news, Director Andrew Pollard sold 273,800 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$0.37, for a total value of C$101,990.50. Also, Director Antony Wood sold 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of C$0.36, for a total value of C$45,025.00. Insiders sold 573,800 shares of company stock worth $209,141 in the last ninety days. 17.84% of the stock is owned by company insiders.

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.