Black Iron (TSE:BKI) Trading Down 4.5% – Here’s What Happened

Black Iron Inc. (TSE:BKI) shares dropped 4.5% during trading on Monday . The stock traded as low as C$0.11 and last traded at C$0.11. Approximately 100,374 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 180,189 shares. The stock had previously closed at C$0.11.

Black Iron Stock Performance

The company has a market cap of C$30.62 million, a price-to-earnings ratio of -10.50 and a beta of 1.87. The company has a current ratio of 0.16, a quick ratio of 2.76 and a debt-to-equity ratio of -13.81. The stock’s 50 day moving average price is C$0.12 and its 200 day moving average price is C$0.12.

Black Iron (TSE:BKI) last released its earnings results on Tuesday, March 17th. The company reported C$0.00 earnings per share (EPS) for the quarter. On average, analysts expect that Black Iron Inc. will post -0.05 EPS for the current fiscal year.

Black Iron Company Profile

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.