Black Iron (TSE:BKI) Shares Up 25% – Here’s What Happened

Black Iron Inc. (TSE:BKI) traded up 25% during mid-day trading on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05. 146,561 shares changed hands during trading, an increase of 26% from the average session volume of 116,122 shares. The stock had previously closed at C$0.04.

Black Iron Price Performance

The company has a current ratio of 0.40, a quick ratio of 2.76 and a debt-to-equity ratio of 0.71. The stock’s 50-day moving average price is C$0.04 and its 200-day moving average price is C$0.05. The company has a market cap of C$15.21 million, a P/E ratio of -5.00 and a beta of 1.52.

Black Iron Company Profile

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.