Black Iron Inc. (TSE:BKI – Get Free Report)’s stock price passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of C$0.08 and traded as high as C$0.08. Black Iron shares last traded at C$0.08, with a volume of 72,596 shares changing hands.
Black Iron Trading Up 10.0%
The business has a 50 day simple moving average of C$0.08 and a 200-day simple moving average of C$0.10. The stock has a market capitalization of C$27.42 million, a price-to-earnings ratio of -10.50 and a beta of 2.15. The company has a debt-to-equity ratio of -14.87, a current ratio of 0.36 and a quick ratio of 2.76.
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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