Blackrock Silver (CVE:BRC) Shares Down 7.4% – Should You Sell?

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

Blackrock Silver Price Performance

The company has a market capitalization of C$118.49 million, a price-to-earnings ratio of -21.75 and a beta of 3.19. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.14 and a current ratio of 8.57. The business has a 50 day moving average price of C$0.39 and a 200-day moving average price of C$0.32.

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

Insider Activity

In related news, Director Andrew Pollard sold 273,800 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of C$0.37, for a total transaction of C$101,990.50. In other news, Senior Officer Amit Kumar sold 175,000 shares of Blackrock Silver stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of C$0.36, for a total value of C$62,125.00. Also, Director Andrew Pollard sold 273,800 shares of Blackrock Silver stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$0.37, for a total value of C$101,990.50. Insiders have sold 573,800 shares of company stock worth $209,141 over the last 90 days. 17.84% of the stock is currently owned by corporate insiders.

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.