Blackrock Silver (CVE:BRC) Stock: Insider Antony Wood Sells 115,000 Shares

Blackrock Silver Corp. (CVE:BRC) Director Antony Wood sold 115,000 shares of the stock in a transaction that occurred on Tuesday, September 29th. The stock was 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 in the company, valued at approximately C$229,840. This trade represents a 34.23% decrease in their position.

Blackrock Silver Stock Performance

BRC traded down C$0.03 during trading on Wednesday, reaching C$1.00. 544,900 shares of the company’s stock were exchanged, compared to its average volume of 1,017,124. The company has a debt-to-equity ratio of 0.08, a current ratio of 13.31 and a quick ratio of 3.14. Blackrock Silver Corp. has a 1 year low of C$0.58 and a 1 year high of C$2.41. The company’s fifty day simple moving average is C$1.14 and its 200-day simple moving average is C$1.15. The stock has a market capitalization of C$380.43 million, a P/E ratio of -16.67 and a beta of 3.50.

Wall Street Analyst Weigh In

BRC has been the subject of a number of research reports. Canaccord Genuity Group set a C$2.10 target price on shares of Blackrock Silver and gave the company a “moderate buy” rating in a research report on Friday, August 21st. Freedom Capital raised Blackrock Silver from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat, the company presently has a consensus 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.