Black Iron (TSE:BKI) Trading Up 8.3% – Time to Buy?

Black Iron Inc. (TSE:BKI)’s share price traded up 8.3% on Tuesday . The stock traded as high as C$0.13 and last traded at C$0.13. 84,455 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 214,082 shares. The stock had previously closed at C$0.12.

Black Iron Price Performance

The company has a 50 day moving average of C$0.09 and a two-hundred day moving average of C$0.06. The firm has a market cap of C$41.06 million, a P/E ratio of -13.50 and a beta of 1.52. The company has a quick ratio of 2.76, a current ratio of 0.40 and a debt-to-equity ratio of 0.71.

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.