Blackrock Silver (CVE:BRC) Shares Down 7.4% – Here’s What Happened

Blackrock Silver Corp. (CVE:BRC)’s stock price fell 7.4% during mid-day trading on Monday . The company traded as low as C$0.43 and last traded at C$0.44. 1,284,386 shares traded hands during mid-day trading, an increase of 238% from the average session volume of 379,660 shares. The stock had previously closed at C$0.47.

Blackrock Silver Stock Down 7.2 %

The company has a quick ratio of 3.14, a current ratio of 8.57 and a debt-to-equity ratio of 0.45. The stock has a market cap of C$104.87 million, a price-to-earnings ratio of -20.75 and a beta of 3.19. The stock has a 50 day simple moving average of C$0.40 and a 200 day simple moving average of C$0.32.

Blackrock Silver (CVE:BRC) last posted its quarterly earnings data on Friday, September 27th. The company reported C($0.01) earnings per share (EPS) for the quarter.

Insider Activity

In related news, Director Antony Wood sold 125,000 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of C$0.36, for a total value of C$45,025.00. In other Blackrock Silver news, Director Andrew Pollard sold 273,800 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of C$0.37, for a total transaction of C$101,990.50. Also, Director Antony Wood sold 125,000 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of C$0.36, for a total transaction of C$45,025.00. Insiders have sold 573,800 shares of company stock worth $209,141 in the last three months. Company insiders own 17.84% of the company’s stock.

Blackrock Silver Company Profile

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.