Black Iron (TSE:BKI) Stock Price Down 4.5% – What’s Next?

Black Iron Inc. (TSE:BKI) shares fell 4.5% during mid-day trading on Monday . The company traded as low as C$0.11 and last traded at C$0.11. 100,374 shares traded hands during trading, a decline of 44% from the average session volume of 180,189 shares. The stock had previously closed at C$0.11.

Black Iron Trading Down 9.1%

The stock has a market capitalization of C$30.62 million, a price-to-earnings ratio of -10.50 and a beta of 1.87. The company has a debt-to-equity ratio of -13.81, a current ratio of 0.16 and a quick ratio of 2.76. The business’s 50-day simple moving average is C$0.12 and its two-hundred day simple moving average is C$0.12.

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

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