Black Iron Inc. (TSE:BKI – Get Free Report)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.11 and traded as high as C$0.15. Black Iron shares last traded at C$0.15, with a volume of 37,500 shares changing hands.
Black Iron Stock Performance
The company has a market cap of C$31.01 million, a P/E ratio of -20.51 and a beta of 1.52. The stock has a 50-day simple moving average of C$0.16 and a 200 day simple moving average of C$0.11.
Insiders Place Their Bets
In other news, insider RAB Capital Holdings Limited sold 750,000 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of C$0.19, for a total transaction of C$144,975.00. Insiders have sold 4,861,000 shares of company stock worth $905,622 over the last 90 days. Corporate insiders own 2.14% of the company’s stock.
About Black Iron
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.
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