Black Iron (TSE:BKI) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Black Iron Inc. (TSE:BKI) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.12 and traded as low as C$0.11. Black Iron shares last traded at C$0.11, with a volume of 140,090 shares traded.

Black Iron Stock Performance

The company has a debt-to-equity ratio of -11.52, a current ratio of 0.07 and a quick ratio of 2.76. The business has a 50-day simple moving average of C$0.10 and a 200 day simple moving average of C$0.12. The firm has a market cap of C$36.56 million, a PE ratio of -10.50 and a beta of 2.31.

Black Iron (TSE:BKI) last issued its quarterly earnings results on Tuesday, March 17th. The company reported C$0.00 EPS for the quarter. Equities research analysts forecast that Black Iron Inc. will post -0.05 EPS for the current 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.