Black Iron (TSE:BKI) Trading Down 4.5% – Here’s Why

Shares of Black Iron Inc. (TSE:BKIGet Free Report) traded down 4.5% during trading on Tuesday . The company traded as low as C$0.11 and last traded at C$0.11. 14,112 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 347,011 shares. The stock had previously closed at C$0.11.

Black Iron Stock Performance

The firm has a market capitalization of C$21.39 million, a P/E ratio of -14.15 and a beta of 1.52. The stock’s 50 day simple moving average is C$0.11 and its 200 day simple moving average is C$0.13.

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.

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