Black Iron (TSE:BKI) Stock Price Down 18.8% – Time to Sell?

by · The Markets Daily

Black Iron Inc. (TSE:BKI – Get Free Report)’s stock price was down 18.8% during mid-day trading on Monday. The company traded as low as C$0.07 and last traded at C$0.07. Approximately 615,280 shares traded hands during mid-day trading, an increase of 266% from the average session volume of 168,339 shares. The stock had previously closed at C$0.08.

Black Iron Stock Performance

The company has a quick ratio of 2.76, a current ratio of 0.44 and a debt-to-equity ratio of -18.39. The company has a market cap of C$21.60 million, a P/E ratio of -10.50 and a beta of 2.39. The company has a 50 day moving average price of C$0.08 and a 200-day moving average price of C$0.10.

Black Iron Company Profile

(Get Free Report)

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.

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