Black Iron (TSE:BKI) Stock Passes Below 200-Day Moving Average – Here’s Why

Black Iron Inc. (TSE:BKIGet Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.12 and traded as low as C$0.11. Black Iron shares last traded at C$0.11, with a volume of 140,090 shares trading hands.

Black Iron Price Performance

The company has a debt-to-equity ratio of -11.52, a current ratio of 0.07 and a quick ratio of 2.76. The business’s 50 day moving average price is C$0.10 and its 200 day moving average price is C$0.12. The stock has a market capitalization of C$35.73 million, a P/E ratio of -10.50 and a beta of 1.91.

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 for the quarter. Sell-side analysts forecast that Black Iron Inc. will post -0.05 EPS 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.

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