Black Iron (TSE:BKI) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Black Iron Inc. (TSE:BKIGet Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.06 and traded as high as C$0.11. Black Iron shares last traded at C$0.11, with a volume of 84,819 shares trading hands.

Black Iron Stock Performance

The stock has a market capitalization of C$31.93 million, a PE ratio of -10.50 and a beta of 1.52. 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 firm has a 50 day moving average of C$0.07 and a 200-day moving average of C$0.06.

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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