Black Iron (TSE:BKI) Shares Pass Above Two Hundred Day Moving Average of $0.08

Black Iron Inc. (TSE:BKIGet Rating) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.08 and traded as high as C$0.10. Black Iron shares last traded at C$0.10, with a volume of 220,374 shares trading hands.

Black Iron Stock Up 5.6 %

The stock has a market cap of C$28.86 million and a PE ratio of -2.88. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.76 and a current ratio of 2.76. The company’s 50-day moving average price is C$0.08 and its 200 day moving average price is C$0.08.

About Black Iron

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Black Iron Inc operates as an iron ore exploration and development company. It holds a 100% interest in the Shymanivske iron ore project covering an area of 2.56 square kilometers located in Krivyi Rih, Ukraine. The company was incorporated in 2010 and is headquartered in Toronto, Canada.

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