Black Iron (TSE:BKI) Trading 8.3% Higher – Here’s What Happened

Black Iron Inc. (TSE:BKI)’s stock price rose 8.3% during mid-day trading on Tuesday . The stock traded as high as C$0.13 and last traded at C$0.13. Approximately 84,455 shares traded hands during trading, a decline of 61% from the average daily volume of 214,082 shares. The stock had previously closed at C$0.12.

Black Iron Stock Performance

The firm has a 50-day simple moving average of C$0.09 and a two-hundred day simple moving average of C$0.06. The company has a current ratio of 0.40, a quick ratio of 2.76 and a debt-to-equity ratio of 0.71. The company has a market capitalization of C$41.06 million, a price-to-earnings ratio of -13.50 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.