Black Iron (TSE:BKI) Stock Passes Above 200 Day Moving Average – Here’s Why

Black Iron Inc. (TSE:BKIGet Free Report)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.12 and traded as high as C$0.14. Black Iron shares last traded at C$0.14, with a volume of 69,544 shares.

Black Iron Stock Up 3.7%

The stock has a market cap of C$42.87 million, a price-to-earnings ratio of -14.00 and a beta of 2.00. The company’s 50-day simple moving average is C$0.13 and its 200-day simple moving average is C$0.12.

Black Iron (TSE:BKIGet Free Report) last announced its earnings results on Tuesday, November 4th. The company reported C$0.00 earnings per share (EPS) for the quarter. As a group, analysts expect that Black Iron Inc. will post -0.05 EPS for the current fiscal year.

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

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