Black Iron Inc. (TSE:BKI – Get Free Report)’s share price traded down 11.1% during mid-day trading on Friday. The company traded as low as C$0.08 and last traded at C$0.08. 606,266 shares were traded during trading, an increase of 276% from the average session volume of 161,415 shares. The stock had previously closed at C$0.09.
Black Iron Trading Down 11.1%
The firm has a market cap of C$26.59 million, a P/E ratio of -10.50 and a beta of 2.25. The firm has a fifty day simple moving average of C$0.10 and a 200-day simple moving average of C$0.10. The company has a debt-to-equity ratio of -18.39, a current ratio of 0.44 and a quick ratio of 2.76.
Black Iron Company Profile
Black Iron is an iron ore exploration and development company, advancing its 100% owned Shymanivske Iron Ore Project located in Kryviy Rih, Ukraine. Full mineral resource details and projected project economics can be found in the NI 43-101 technical report entitled ‘(Amended) Preliminary Economic Assessment of the Re-scoped Shymanivske Iron Ore Deposit’ published in March 2020 with an effective date of November 21, 2017 under the Company’s profile on SEDAR at www.sedar.com. The Project is surrounded by five other operating mines, including Metinvest’s YuGOK and ArcelorMittal’s iron ore complex.
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