Shares of Black Iron Inc. (TSE:BKI – Get Free Report) reached a new 52-week low during trading on Monday. The stock traded as low as C$0.07 and last traded at C$0.07, with a volume of 29093 shares changing hands. The stock had previously closed at C$0.08.
Black Iron Stock Performance
The business’s 50-day moving average price is C$0.09 and its 200-day moving average price is C$0.10. The company has a current ratio of 0.44, a quick ratio of 2.76 and a debt-to-equity ratio of -18.39. The stock has a market cap of C$24.92 million, a PE ratio of -10.50 and a beta of 2.25.
About Black Iron
Black Iron is an iron ore exploration and development company, advancing its 100% owned Shymanivske Iron Ore Project located in Kryviy Rih, Ukraine. Full mineral resource details and projected project economics can be found in the NI 43-101 technical report entitled ‘(Amended) Preliminary Economic Assessment of the Re-scoped Shymanivske Iron Ore Deposit’ published in March 2020 with an effective date of November 21, 2017 under the Company’s profile on SEDAR at www.sedar.com. The Project is surrounded by five other operating mines, including Metinvest’s YuGOK and ArcelorMittal’s iron ore complex.
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