Key Points
- Insider purchase: Sean Robert Thompson acquired 14,000 Blackrock Silver shares at C$0.99 each, investing C$13,860 and bringing his holdings to 14,000 shares.
- Stock performance: BRC opened at C$0.97, compared with 50-day and 200-day moving averages of C$1.14 and C$1.15, respectively. The shares have traded between C$0.58 and C$2.41 over the past year.
- Analyst outlook: Analysts maintain a consensus “Strong Buy” rating with an average price target of C$2.10, substantially above the reported market price.
Blackrock Silver Corp. (CVE:BRC - Get Free Report) insider Sean Robert Thompson purchased 14,000 shares of the business's stock in a transaction on Wednesday, September 30th. The stock was purchased at an average price of C$0.99 per share, with a total value of C$13,860.00. Following the purchase, the insider owned 14,000 shares of the company's stock, valued at approximately C$13,860. The trade was a ∞ increase in their ownership of the stock.
Blackrock Silver Stock Performance
Shares of BRC opened at C$0.97 on Friday. The firm has a 50-day moving average of C$1.14 and a 200-day moving average of C$1.15. Blackrock Silver Corp. has a one year low of C$0.58 and a one year high of C$2.41. The company has a market cap of C$369.01 million, a PE ratio of -16.17 and a beta of 3.50. The company has a debt-to-equity ratio of 0.08, a current ratio of 13.31 and a quick ratio of 3.14.
Wall Street Analysts Forecast Growth
Separately, 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 note on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Strong Buy" and an average target price of C$2.10.
Read Our Latest Research Report on BRC
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. 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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