Black Iron (TSE:BKI) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Black Iron Inc. (TSE:BKIGet Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.12 and traded as high as C$0.12. Black Iron shares last traded at C$0.12, with a volume of 279,600 shares trading hands.

Black Iron Stock Down 3.8%

The company has a quick ratio of 2.76, a current ratio of 0.07 and a debt-to-equity ratio of -11.52. The business has a 50-day simple moving average of C$0.11 and a two-hundred day simple moving average of C$0.12. The stock has a market capitalization of C$41.54 million, a P/E ratio of -10.50 and a beta of 2.31.

Black Iron (TSE:BKIGet Free Report) last issued its quarterly earnings data on Tuesday, March 17th. The company reported C$0.00 earnings per share (EPS) for the quarter. Equities research analysts forecast that Black Iron Inc. will post -0.05 earnings per share for the current fiscal year.

About Black Iron

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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.

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