Black Iron (TSE:BKI) Trading 5% Higher – Time to Buy?

Shares of Black Iron Inc. (TSE:BKIGet Free Report) were up 5% on Thursday . The company traded as high as C$0.11 and last traded at C$0.11. Approximately 29,700 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 243,305 shares. The stock had previously closed at C$0.10.

Black Iron Trading Up 5.0%

The stock has a market capitalization of C$32.15 million, a PE ratio of -10.50 and a beta of 1.61. The firm’s 50-day moving average price is C$0.11 and its 200-day moving average price is C$0.11.

Black Iron (TSE:BKIGet Free Report) last issued its quarterly earnings results on Tuesday, November 4th. The company reported C$0.00 EPS for the quarter. On average, equities research analysts predict that Black Iron Inc. will post -0.05 earnings per share 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.

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