Black Iron (TSE:BKI) Shares Cross Above 200-Day Moving Average – Should You Sell?

Black Iron Inc. (TSE:BKI)’s stock 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$0.13. Black Iron shares last traded at C$0.11, with a volume of 491,931 shares traded.

Black Iron Stock Down 8.3%

The firm has a market capitalization of C$33.68 million, a PE ratio of -11.00 and a beta of 1.67. The company has a quick ratio of 2.76, a current ratio of 0.24 and a debt-to-equity ratio of -16.59. The business has a 50-day moving average price of C$0.13 and a 200-day moving average price of C$0.12.

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