Black Iron (TSE:BKI) Stock Crosses Above 200 Day Moving Average – What’s Next?

Black Iron Inc. (TSE:BKIGet Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.08 and traded as high as C$0.17. Black Iron shares last traded at C$0.17, with a volume of 350,150 shares.

Black Iron Stock Up 3.0 %

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 company has a market cap of C$51.70 million, a PE ratio of -17.00 and a beta of 1.52. The business’s fifty day simple moving average is C$0.13 and its two-hundred day simple moving average is C$0.08.

Insider Activity at Black Iron

In other news, insider RAB Capital Holdings Limited sold 750,000 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of C$0.19, for a total transaction of C$144,975.00. In the last ninety days, insiders sold 2,271,000 shares of company stock valued at $421,155. 2.14% of the stock is owned by insiders.

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.

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