Black Iron (TSE:BKI) Trading 10% Higher – Still a Buy?

Black Iron Inc. (TSE:BKIGet Free Report) rose 10% during trading on Monday . The stock traded as high as C$0.11 and last traded at C$0.11. Approximately 397,121 shares were traded during trading, an increase of 101% from the average daily volume of 197,978 shares. The stock had previously closed at C$0.10.

Black Iron Stock Performance

The firm has a market capitalization of C$35.98 million, a PE ratio of -10.50 and a beta of 1.91. The company has a debt-to-equity ratio of -11.52, a current ratio of 0.07 and a quick ratio of 2.76. The company’s fifty day simple moving average is C$0.11 and its 200 day simple moving average is C$0.12.

Black Iron (TSE:BKIGet Free Report) last released its quarterly earnings data on Tuesday, March 17th. The company reported C$0.00 EPS for the quarter. As a group, equities research analysts expect that Black Iron Inc. will post -0.05 EPS for the current fiscal year.

About Black Iron

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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. It is located approximately 330 kilometers southeast of Kiev in central Ukraine.

Further Reading

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