Black Iron Inc. (TSE:BKI – Get Free Report) reached a new 52-week low on Tuesday. The stock traded as low as C$0.07 and last traded at C$0.07, with a volume of 282,991 shares. The stock had previously closed at C$0.07.
Black Iron Stock Performance
The firm’s 50 day simple moving average is C$0.09 and its 200-day simple moving average is C$0.10. The company has a debt-to-equity ratio of -18.39, a quick ratio of 2.76 and a current ratio of 0.44. The company has a market capitalization of C$23.26 million, a price-to-earnings ratio of -10.50 and a beta of 2.39.
About Black Iron
Black Iron is an iron ore exploration and development company, advancing its 100% owned Shymanivske Iron Ore Project located in Kryviy Rih, Ukraine. Full mineral resource details and projected project economics can be found in the NI 43-101 technical report entitled ‘(Amended) Preliminary Economic Assessment of the Re-scoped Shymanivske Iron Ore Deposit’ published in March 2020 with an effective date of November 21, 2017 under the Company’s profile on SEDAR at www.sedar.com. The Project is surrounded by five other operating mines, including Metinvest’s YuGOK and ArcelorMittal’s iron ore complex.
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