Black Iron Inc. (TSE:BKI – Get Free Report)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.11 and traded as high as C$0.12. Black Iron shares last traded at C$0.11, with a volume of 7,615 shares.
Black Iron Trading Up 4.8%
The firm has a market cap of C$33.68 million, a PE ratio of -11.00 and a beta of 1.61. The business’s 50-day simple moving average is C$0.12 and its 200 day simple moving average is C$0.11.
Insider Transactions at Black Iron
In related news, insider Rab Capital Holdings Limited sold 1,009,000 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of C$0.15, for a total value of C$148,323.00. Following the completion of the transaction, the insider owned 30,238,832 shares of the company’s stock, valued at C$4,445,108.30. The trade was a 3.23% decrease in their ownership of the stock. 2.14% of the stock is currently owned by 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.
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