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

Blackrock Silver Corp. (CVE:BRC)’s share price traded down 7.4% during mid-day trading on Monday . The stock 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 Performance

The firm has a fifty day moving average of C$0.39 and a 200-day moving average of C$0.32. 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 firm has a market cap of C$118.49 million, a P/E ratio of -21.75 and a beta of 3.19.

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

Insider Transactions at Blackrock Silver

In related news, Director Antony Wood sold 125,000 shares of the stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of C$0.36, for a total transaction of C$45,025.00. In other news, Director Antony Wood sold 125,000 shares of Blackrock Silver stock in a transaction that occurred 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. Also, Senior Officer Amit Kumar sold 175,000 shares of Blackrock Silver stock in a transaction that occurred 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. Insiders have sold a total of 573,800 shares of company stock valued at $209,141 over the last 90 days. 17.84% of the stock is owned by company insiders.

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.