Black Iron (TSE:BKI) Stock Passes Above 200-Day Moving Average – What’s Next?

Black Iron Inc. (TSE:BKIGet Free Report)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.13 and traded as high as C$0.13. Black Iron shares last traded at C$0.13, with a volume of 78,000 shares.

Black Iron Stock Performance

The company has a 50 day simple moving average of C$0.11 and a 200 day simple moving average of C$0.13. The company has a market capitalization of C$26.74 million, a PE ratio of -17.68 and a beta of 1.52.

About Black Iron

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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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