Black Iron (TSE:BKI) Shares Up 11.1% – Time to Buy?

Black Iron Inc. (TSE:BKI)’s share price traded up 11.1% during trading on Thursday . The company traded as high as C$0.10 and last traded at C$0.10. 116,987 shares traded hands during trading, a decline of 44% from the average session volume of 209,393 shares. The stock had previously closed at C$0.09.

Black Iron Trading Up 5.6%

The company has a debt-to-equity ratio of -13.81, a current ratio of 0.16 and a quick ratio of 2.76. The business has a 50 day moving average of C$0.11 and a 200 day moving average of C$0.12. The firm has a market capitalization of C$29.09 million, a price-to-earnings ratio of -10.50 and a beta of 1.87.

Black Iron (TSE:BKI) last announced its quarterly earnings data on Tuesday, March 17th. The company reported C$0.00 EPS for the quarter. As a group, research analysts predict that Black Iron Inc. will post -0.05 earnings per share for the current fiscal year.

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. It is located approximately 330 kilometers southeast of Kiev in central Ukraine.