Black Iron (TSE:BKI) Trading 22.2% Higher – Still a Buy?

Black Iron Inc. (TSE:BKIGet Free Report)’s stock price traded up 22.2% on Monday . The stock traded as high as C$0.11 and last traded at C$0.11. 439,315 shares traded hands during trading, an increase of 159% from the average session volume of 169,517 shares. The stock had previously closed at C$0.09.

Black Iron Price Performance

The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.76 and a current ratio of 0.40. The company’s 50 day moving average price is C$0.07 and its 200-day moving average price is C$0.06. The company has a market cap of C$33.45 million, a price-to-earnings ratio of -11.50 and a beta of 1.52.

Black Iron Company Profile

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Black Iron Inc engages in the exploration and development of ferrous metals in Ukraine. The company holds a 100% interest in the Shymanivske iron ore project covering an area of 2.56 square kilometers located in Krivyi Rih, Ukraine. Black Iron Inc was incorporated in 2010 and is headquartered in Toronto, Canada.

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