Black Iron (TSE:BKI) Shares Down 8% – What’s Next?

Black Iron Inc. (TSE:BKIGet Free Report) was down 8% on Friday . The stock traded as low as C$0.11 and last traded at C$0.12. Approximately 190,772 shares changed hands during trading, an increase of 2% from the average daily volume of 186,674 shares. The stock had previously closed at C$0.12.

Black Iron Stock Performance

The company has a market capitalization of C$38.22 million, a P/E ratio of -10.50 and a beta of 2.31. 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 debt-to-equity ratio of -11.52, a current ratio of 0.07 and a quick ratio of 2.76.

Black Iron Company Profile

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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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