Blackrock Silver (CVE:BRC) Trading Down 4.2% – Should You Sell?

Posted by Samantha Reynolds on Dec 21st, 2024

Blackrock Silver Corp. (CVE:BRC – Get Free Report) fell 4.2% during trading on Thursday . The company traded as low as C$0.35 and last traded at C$0.35. 423,492 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 383,278 shares. The stock had previously closed at C$0.36.

Analyst Upgrades and Downgrades

Separately, Raymond James set a C$1.00 price objective on shares of Blackrock Silver and gave the company an “outperform” rating in a report on Tuesday, November 26th.

Read Our Latest Analysis on Blackrock Silver

Blackrock Silver Trading Up 5.8 %

The firm has a market cap of C$99.42 million, a P/E ratio of -18.25 and a beta of 3.19. The stock has a 50 day simple moving average of C$0.44 and a 200-day simple moving average of C$0.34. The company has a current ratio of 8.57, a quick ratio of 3.14 and a debt-to-equity ratio of 0.45.

Blackrock Silver (CVE:BRC – Get Free Report) last released its quarterly earnings data on Friday, September 27th. The company reported C($0.01) EPS for the quarter.

Insider Buying and Selling at Blackrock Silver

In related news, Director Andrew Pollard sold 273,800 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of C$0.37, for a total value of C$101,990.50. Also, Senior Officer Amit Kumar sold 175,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of C$0.36, for a total transaction of C$62,125.00. Insiders sold 573,800 shares of company stock worth $209,141 over the last 90 days. Company insiders own 17.84% of the company’s stock.

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.