Black Iron (TSE:BKI) Stock Price Down 8% – Here’s What Happened

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

Black Iron Stock Performance

The firm’s fifty day moving average price is C$0.11 and its 200 day moving average price is C$0.12. The company has a current ratio of 0.07, a quick ratio of 2.76 and a debt-to-equity ratio of -11.52. The stock has a market capitalization of C$38.22 million, a price-to-earnings ratio of -10.50 and a beta of 2.31.

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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