Shares of Black Iron Inc. (TSE:BKI – Get Free Report) were down 17.9% on Monday following insider selling activity. The stock traded as low as C$0.16 and last traded at C$0.16. Approximately 1,864,810 shares were traded during trading, an increase of 113% from the average daily volume of 875,840 shares. The stock had previously closed at C$0.20.
Specifically, insider RAB Capital Holdings Limited sold 1,000,000 shares of Black Iron stock in a transaction dated Friday, January 10th. The stock was sold at an average price of C$0.18, for a total transaction of C$182,500.00.
Black Iron Price Performance
The stock has a fifty day moving average of C$0.10 and a 200 day moving average of C$0.07. The stock has a market cap of C$45.62 million, a price-to-earnings ratio of -15.00 and a beta of 1.52. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.40 and a quick ratio of 2.76.
About Black Iron
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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