Black Iron Inc. (TSE:BKI – Get Free Report) dropped 18.8% on Monday. The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 615,280 shares were traded during mid-day trading, an increase of 266% from the average daily volume of 168,339 shares. The stock had previously closed at C$0.08.
Black Iron Price Performance
The stock has a market capitalization of C$21.60 million, a PE ratio of -10.50 and a beta of 2.39. 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 business has a fifty day moving average price of C$0.08 and a 200-day moving average price of C$0.10.
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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