Black Iron (TSE:BKI) Shares Down 9.5% – Time to Sell?

Black Iron Inc. (TSE:BKI)’s stock price was down 9.5% during trading on Monday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 282,330 shares were traded during trading, an increase of 58% from the average daily volume of 179,106 shares. The stock had previously closed at C$0.11.

Black Iron Stock Performance

The company has a quick ratio of 2.76, a current ratio of 0.16 and a debt-to-equity ratio of -13.81. The stock has a fifty day moving average price of C$0.13 and a two-hundred day moving average price of C$0.12. The company has a market capitalization of C$32.15 million, a price-to-earnings ratio of -10.50 and a beta of 1.67.

Black Iron (TSE:BKI) last posted its quarterly earnings data on Tuesday, March 17th. The company reported C$0.00 EPS for the quarter. As a group, analysts forecast that Black Iron Inc. will post -0.05 EPS for the current fiscal year.

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.