Black Iron (TSE:BKI) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Black Iron Inc. (TSE:BKI)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.11 and traded as high as C$0.12. Black Iron shares last traded at C$0.12, with a volume of 112,400 shares.

Black Iron Stock Performance

The business has a fifty day simple moving average of C$0.11 and a 200 day simple moving average of C$0.11. The company has a market cap of C$36.75 million, a P/E ratio of -12.00 and a beta of 1.37.

Insider Buying and Selling at Black Iron

In other news, insider Rab Capital Holdings Limited sold 1,009,000 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of C$0.15, for a total transaction of C$148,323.00. Following the sale, the insider directly owned 30,238,832 shares in the company, valued at approximately C$4,445,108.30. This represents a 3.23% decrease in their position. Insiders own 2.14% of the company’s stock.

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.