Black Iron (TSE:BKI) Shares Down 9.5% – Here’s What Happened

Black Iron Inc. (TSE:BKI)’s share price was down 9.5% during mid-day trading on Monday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 282,330 shares were traded during mid-day trading, an increase of 58% from the average daily volume of 179,106 shares. The stock had previously closed at C$0.11.

Black Iron Stock Performance

The company has a current ratio of 0.16, a quick ratio of 2.76 and a debt-to-equity ratio of -13.81. The business’s 50-day moving average is C$0.13 and its two-hundred day moving average is C$0.12. The firm has a market cap of C$32.15 million, a P/E ratio of -10.50 and a beta of 1.67.

Black Iron (TSE:BKI) last released its quarterly earnings data on Tuesday, March 17th. The company reported C$0.00 earnings per share for the quarter. As a group, analysts expect that Black Iron Inc. will post -0.05 earnings per share for the current fiscal year.

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. It is located approximately 330 kilometers southeast of Kiev in central Ukraine.