Insider Buying: Blackrock Silver (CVE:BRC) Insider Acquires C$13,860.00 in Stock

Blackrock Silver Corp. (CVE:BRC) insider Sean Robert Thompson bought 14,000 shares of the stock in a transaction that occurred on Wednesday, September 30th. The stock was acquired at an average price of C$0.99 per share, for a total transaction of C$13,860.00. Following the completion of the transaction, the insider owned 14,000 shares in the company, valued at C$13,860. This trade represents a ∞ increase in their ownership of the stock.

Sean Robert Thompson also recently made the following trade(s):

• On Friday, October 2nd, Sean Robert Thompson bought 2,100 shares of Blackrock Silver stock. The shares were acquired at an average cost of C$0.95 per share, for a total transaction of C$1,995.00.

Blackrock Silver Stock Performance

Shares of BRC stock opened at C$0.97 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.14 and a current ratio of 13.31. Blackrock Silver Corp. has a 1 year low of C$0.58 and a 1 year high of C$2.41. The stock has a fifty day moving average of C$1.14 and a two-hundred day moving average of C$1.15. The firm has a market capitalization of C$369.01 million, a PE ratio of -16.17 and a beta of 3.50.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group set a C$2.10 price objective on shares of Blackrock Silver and gave the company a “moderate buy” rating in a research note on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy” and an average price target of C$2.10.

About Blackrock Silver

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.