Black Iron Inc. (TSE:BKI – Get Free Report)’s stock price dropped 9.1% during mid-day trading on Tuesday . The company traded as low as C$0.15 and last traded at C$0.15. Approximately 194,591 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 621,593 shares. The stock had previously closed at C$0.17.
Black Iron Price Performance
The stock has a market capitalization of C$48.66 million, a price-to-earnings ratio of -16.00 and a beta of 1.52. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.40 and a quick ratio of 2.76. The firm’s fifty day moving average is C$0.12 and its 200-day moving average is C$0.08.
Insider Activity
In other news, insider RAB Capital Holdings Limited sold 1,000,000 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of C$0.18, for a total value of C$182,500.00. Over the last quarter, insiders sold 2,271,000 shares of company stock valued at $421,155. 2.14% of the stock is currently owned by company insiders.
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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