Black Iron Inc. (TSE:BKI – Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.11 and traded as high as C$0.12. Black Iron shares last traded at C$0.11, with a volume of 7,615 shares changing hands.
Black Iron Trading Up 4.8%
The company has a 50-day simple moving average of C$0.12 and a 200 day simple moving average of C$0.11. The company has a market cap of C$33.68 million, a P/E ratio of -11.00 and a beta of 1.61.
Insider Buying and Selling
In related news, insider Rab Capital Holdings Limited sold 1,009,000 shares of Black Iron stock in a transaction dated Monday, August 18th. The shares were sold at an average price of C$0.15, for a total transaction of C$148,323.00. Following the completion of the sale, the insider owned 30,238,832 shares in the company, valued at C$4,445,108.30. This trade represents a 3.23% decrease in their position. 2.14% of the stock is owned by corporate 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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