Black Iron (TSE:BKI) Trading Up 10% – Here’s What Happened

Shares of Black Iron Inc. (TSE:BKIGet Free Report) were up 10% during mid-day trading on Monday . The stock traded as high as C$0.11 and last traded at C$0.11. Approximately 397,121 shares were traded during mid-day trading, an increase of 101% from the average daily volume of 197,978 shares. The stock had previously closed at C$0.10.

Black Iron Stock Performance

The company has a market capitalization of C$33.68 million, a P/E ratio of -10.50 and a beta of 1.91. The business has a 50 day moving average of C$0.11 and a 200 day moving average of C$0.12. The company has a quick ratio of 2.76, a current ratio of 0.07 and a debt-to-equity ratio of -11.52.

Black Iron (TSE:BKIGet Free Report) last released its quarterly earnings data on Tuesday, March 17th. The company reported C$0.00 earnings per share (EPS) for the quarter. On average, sell-side analysts predict that Black Iron Inc. will post -0.05 earnings per share for the current 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.

Further Reading

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