Black Iron Inc. (TSE:BKI – Get Free Report) dropped 14.8% during mid-day trading on Tuesday . The stock traded as low as C$0.12 and last traded at C$0.12. Approximately 218,559 shares changed hands during trading, a decline of 25% from the average daily volume of 290,116 shares. The stock had previously closed at C$0.14.
Black Iron Stock Down 11.1%
The company has a 50 day simple moving average of C$0.11 and a 200-day simple moving average of C$0.12. The stock has a market cap of C$36.75 million, a price-to-earnings ratio of -12.00 and a beta of 1.09.
About Black Iron
Black Iron Inc is a Canadian iron ore exploration and development company. The principal activity of the company is the exploration and development of ferrous metals in Ukraine namely the Shymanivske iron ore project located in Kryvyi Rih, Ukraine. The company operates through the development of its Ukrainian mining and exploration permits segment.
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