Black Iron (TSE:BKI) Trading 10% Higher – Still a Buy?

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

Black Iron Stock Performance

The company has a market cap of C$35.98 million, a P/E ratio of -10.50 and a beta of 1.91. The company’s 50-day moving average is C$0.11 and its two-hundred day moving average is 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 posted its quarterly earnings results on Tuesday, March 17th. The company reported C$0.00 earnings per share for the quarter. Equities analysts predict that Black Iron Inc. will post -0.05 EPS for the current year.

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.

Further Reading

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