Black Iron (TSE:BKI) Shares Pass Above 200-Day Moving Average – Here’s Why

Black Iron Inc. (TSE:BKIGet Free Report)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.05 and traded as high as C$0.10. Black Iron shares last traded at C$0.09, with a volume of 235,200 shares trading hands.

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 firm has a fifty day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.05. The firm has a market cap of C$27.37 million, a PE ratio of -9.00 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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