Black Iron (TSE:BKI) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Black Iron Inc. (TSE:BKI) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.06 and traded as high as C$0.12. Black Iron shares last traded at C$0.12, with a volume of 254,053 shares traded.

Black Iron Stock Performance

The company’s 50 day moving average price is C$0.09 and its 200 day moving average price is C$0.06. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.40 and a quick ratio of 2.76. The firm has a market cap of C$38.02 million, a PE ratio of -12.50 and a beta of 1.52.

Black Iron Company Profile

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.