Shares of Black Iron Inc. (TSE:BKI – Get Free Report) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$0.10 and traded as low as C$0.09. Black Iron shares last traded at C$0.09, with a volume of 9,780 shares trading hands.
Black Iron Price Performance
The company’s 50-day simple moving average is C$0.10 and its 200 day simple moving average is C$0.10. The company has a market cap of C$26.59 million, a PE ratio of -10.50 and a beta of 2.25. The company has a debt-to-equity ratio of -18.39, a quick ratio of 2.76 and a current ratio of 0.44.
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.
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