Black Iron (TSE:BKI) Shares Down 9.1% – Should You Sell?

Black Iron Inc. (TSE:BKI)’s stock price fell 9.1% during trading on Tuesday . The company traded as low as C$0.15 and last traded at C$0.15. 194,591 shares were traded during trading, a decline of 69% from the average session volume of 621,593 shares. The stock had previously closed at C$0.17.

Black Iron Trading Down 9.1 %

The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.76 and a current ratio of 0.40. The firm has a market capitalization of C$45.62 million, a P/E ratio of -15.00 and a beta of 1.52. The firm has a 50 day moving average price of C$0.12 and a two-hundred day moving average price of C$0.08.

Insider Activity at Black Iron

In other Black Iron news, insider RAB Capital Holdings Limited sold 250,500 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of C$0.19, for a total transaction of C$46,342.50. Insiders sold 2,271,000 shares of company stock worth $421,155 in the last quarter. 2.14% of the stock is owned by company insiders.

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.