Black Iron (TSE:BKI) Shares Pass Above 200-Day Moving Average – Time to Sell?

Black Iron Inc. (TSE:BKI)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.05 and traded as high as C$0.10. Black Iron shares last traded at C$0.09, with a volume of 235,200 shares trading hands.

Black Iron Stock Down 5.6 %

The company has a 50-day simple moving average of C$0.05 and a 200-day simple moving average of C$0.05. The firm has a market cap of C$25.85 million, a PE ratio of -8.50 and a beta of 1.52. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.40 and a quick ratio of 2.76.

Black Iron Company Profile

Black Iron Inc engages in the exploration and development of ferrous metals in Ukraine. The company holds a 100% interest in the Shymanivske iron ore project covering an area of 2.56 square kilometers located in Krivyi Rih, Ukraine. Black Iron Inc was incorporated in 2010 and is headquartered in Toronto, Canada.