Key Points
- Insider Randip Minhas sold 175,000 Blackrock Silver shares at an average price of C$0.95, generating C$166,250. After the transaction, Minhas retained 334,000 shares, a 34.38% reduction in the position.
- Blackrock Silver shares opened at C$0.94, with a market capitalization of approximately C$357.6 million. The stock has traded between C$0.58 and C$2.41 over the past year and has a beta of 3.59.
- Analysts remain bullish, with Canaccord Genuity assigning a “moderate buy” rating and a C$2.10 price target. MarketBeat reports a consensus “Strong Buy” rating from two analysts.
Blackrock Silver Corp. (CVE:BRC - Get Free Report) insider Randip Minhas sold 175,000 shares of the stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of C$0.95, for a total value of C$166,250.00. Following the completion of the sale, the insider owned 334,000 shares of the company's stock, valued at approximately C$317,300. This trade represents a 34.38% decrease in their position.
Blackrock Silver Price Performance
Shares of BRC stock opened at C$0.94 on Wednesday. The firm has a market cap of C$357.60 million, a P/E ratio of -15.67 and a beta of 3.59. Blackrock Silver Corp. has a fifty-two week low of C$0.58 and a fifty-two week high of C$2.41. The business's 50 day moving average price is C$1.14 and its 200-day moving average price is C$1.14. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.14 and a current ratio of 13.31.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group set a C$2.10 price target on shares of Blackrock Silver and gave the company a "moderate buy" rating in a report 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. According to MarketBeat.com, the stock has a consensus rating of "Strong Buy" and a consensus price target of C$2.10.
Read Our Latest Report on Blackrock Silver
Blackrock Silver Company Profile
(
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
