Black Iron Inc. (TSE:BKI – Get Free Report)’s share price was down 17.9% during trading on Monday after an insider sold shares in the company. The stock traded as low as C$0.16 and last traded at C$0.16. Approximately 1,864,810 shares changed hands during mid-day trading, an increase of 113% from the average daily volume of 875,840 shares. The stock had previously closed at C$0.20.
Specifically, insider RAB Capital Holdings Limited sold 1,000,000 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of C$0.18, for a total value of C$182,500.00.
Black Iron Trading Down 17.9 %
The company has a market cap of C$48.66 million, a price-to-earnings ratio of -16.00 and a beta of 1.52. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.76 and a current ratio of 0.40. The business’s 50 day moving average price is C$0.10 and its 200-day moving average price is C$0.07.
About Black Iron
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.
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