Black Iron Inc. (TSE:BKI – Get Free Report)’s share price rose 14.3% on Wednesday. The company traded as high as C$0.08 and last traded at C$0.08. Approximately 418,705 shares changed hands during mid-day trading, an increase of 150% from the average session volume of 167,329 shares. The stock had previously closed at C$0.07.
Black Iron Stock Performance
The firm’s 50 day moving average price is C$0.08 and its 200-day moving average price is C$0.10. The company has a debt-to-equity ratio of -18.39, a quick ratio of 2.76 and a current ratio of 0.44. The firm has a market capitalization of C$26.59 million, a PE ratio of -10.50 and a beta of 2.39.
Black Iron Company Profile
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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