Black Iron (TSE:BKI) Shares Up 22.2% – Here’s Why

Black Iron Inc. (TSE:BKIGet Free Report) was up 22.2% during trading on Monday . The stock traded as high as C$0.11 and last traded at C$0.11. Approximately 439,315 shares traded hands during mid-day trading, an increase of 159% from the average daily volume of 169,517 shares. The stock had previously closed at C$0.09.

Black Iron Trading Down 4.3 %

The firm’s 50-day simple moving average is C$0.07 and its 200 day simple moving average is C$0.06. The stock has a market cap of C$33.45 million, a P/E ratio of -11.50 and a beta of 1.52. The company has a current ratio of 0.40, a quick ratio of 2.76 and a debt-to-equity ratio of 0.71.

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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