Key Points
- Director Antony Wood sold 115,000 Blackrock Silver shares at an average price of C$1.04, generating C$119,600. The transaction reduced his holdings by 34.23% to 221,000 shares.
- Blackrock Silver shares opened at C$1.00, compared with a 12-month range of C$0.58 to C$2.41. The company has a market capitalization of approximately C$380.4 million and low debt relative to equity.
- Analysts remain positive, with Canaccord Genuity assigning a C$2.10 price target and a moderate-buy rating. Overall analyst coverage rates the stock a “Strong Buy,” with an average target of C$2.10.
Blackrock Silver Corp. (CVE:BRC - Get Free Report) Director Antony Wood sold 115,000 shares of the stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of C$1.04, for a total value of C$119,600.00. Following the completion of the transaction, the director owned 221,000 shares of the company's stock, valued at approximately C$229,840. This trade represents a 34.23% decrease in their position.
Blackrock Silver Stock Performance
Shares of BRC stock opened at C$1.00 on Thursday. Blackrock Silver Corp. has a 12 month low of C$0.58 and a 12 month high of C$2.41. The stock has a market cap of C$380.43 million, a PE ratio of -16.67 and a beta of 3.50. The company has a current ratio of 13.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.08. The company's fifty day moving average price is C$1.14 and its 200-day moving average price is C$1.15.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group set a C$2.10 price objective on shares of Blackrock Silver and gave the stock a "moderate buy" rating in a research note on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Strong Buy" and an average target price of C$2.10.
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Blackrock Silver Company Profile
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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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