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

Black Iron Inc. (TSE:BKI)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.12 and traded as high as C$0.13. Black Iron shares last traded at C$0.11, with a volume of 491,931 shares trading hands.

Black Iron Stock Performance

The company has a debt-to-equity ratio of -16.59, a current ratio of 0.24 and a quick ratio of 2.76. The company has a market capitalization of C$33.68 million, a price-to-earnings ratio of -11.00 and a beta of 1.67. The stock has a 50 day simple moving average of C$0.13 and a two-hundred day simple moving average of C$0.12.

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. It is located approximately 330 kilometers southeast of Kiev in central Ukraine.