Black Iron (TSE:BKI) Trading Down 2.4% After Insider Selling

Black Iron Inc. (TSE:BKI) traded down 2.4% during trading on Friday following insider selling activity. The stock traded as low as C$0.20 and last traded at C$0.21. 105,792 shares were traded during trading, a decline of 84% from the average session volume of 658,486 shares. The stock had previously closed at C$0.21.

Specifically, insider RAB Capital Holdings Limited sold 1,255,500 shares of Black Iron stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of C$0.20, for a total value of C$251,225.55. Also, insider RAB Capital Holdings Limited sold 666,000 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of C$0.18, for a total transaction of C$121,212.00. In other news, insider RAB Capital Holdings Limited sold 422,000 shares of Black Iron stock in a transaction dated Friday, February 7th. The shares were sold at an average price of C$0.17, for a total value of C$72,584.00.

Black Iron Price Performance

The stock’s 50-day moving average is C$0.14 and its 200 day moving average is C$0.09. The stock has a market cap of C$42.78 million, a price-to-earnings ratio of -28.29 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.