Black Iron Inc. (TSE:BKI – Get Free Report) shot up 14.3% during trading on Wednesday. The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 418,705 shares traded hands during mid-day trading, an increase of 150% from the average daily volume of 167,329 shares. The stock had previously closed at C$0.07.
Black Iron Price Performance
The company has a debt-to-equity ratio of -18.39, a quick ratio of 2.76 and a current ratio of 0.44. The company has a market cap of C$26.59 million, a PE ratio of -10.50 and a beta of 2.39. The company’s 50-day simple moving average is C$0.08 and its 200 day simple moving average is C$0.10.
About Black Iron
Black Iron is an iron ore exploration and development company, advancing its 100% owned Shymanivske Iron Ore Project located in Kryviy Rih, Ukraine. Full mineral resource details and projected project economics can be found in the NI 43-101 technical report entitled ‘(Amended) Preliminary Economic Assessment of the Re-scoped Shymanivske Iron Ore Deposit’ published in March 2020 with an effective date of November 21, 2017 under the Company’s profile on SEDAR at www.sedar.com. The Project is surrounded by five other operating mines, including Metinvest’s YuGOK and ArcelorMittal’s iron ore complex.
See Also
- Five stocks we like better than Black Iron
- GM Beat and Added a $20 Billion Buyback—Why Did the Stock Fall?
- Intercepting Growth: Karman Secures $218M Lockheed Martin Deal
- Tech Stocks Took a Hit—These 2 Pharma Stocks Are Near New Highs
- Chip Stocks Have Pulled Back—Here’s How 3 Semiconductor ETFs Stack Up for Investors
Receive News & Ratings for Black Iron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Iron and related companies with MarketBeat.com's FREE daily email newsletter.
