Black Iron (TSE:BKI) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

Black Iron Inc. (TSE:BKIGet Free Report)’s share price crossed 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 104,205 shares changing hands.

Black Iron Trading Down 4.3%

The stock’s fifty day simple moving average is C$0.11 and its 200 day simple moving average is C$0.12. The firm has a market capitalization of C$36.56 million, a PE ratio of -10.50 and a beta of 2.33. The company has a quick ratio of 2.76, a current ratio of 0.07 and a debt-to-equity ratio of -11.52.

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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