Black Iron (TSE:BKI) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Black Iron Inc. (TSE:BKI)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.06 and traded as high as C$0.12. Black Iron shares last traded at C$0.12, with a volume of 254,053 shares.

Black Iron Price Performance

The stock has a market cap of C$38.02 million, a price-to-earnings ratio of -12.50 and a beta of 1.52. The company has a current ratio of 0.40, a quick ratio of 2.76 and a debt-to-equity ratio of 0.71. The company’s fifty day moving average is C$0.09 and its two-hundred day moving average is C$0.06.

About Black Iron

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.