Black Iron (TSE:BKI) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Black Iron Inc. (TSE:BKIGet Free Report)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Black Iron Price Performance

The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.76 and a current ratio of 0.40. The firm has a fifty day simple moving average of C$0.05 and a 200 day simple moving average of C$0.05. The company has a market capitalization of C$27.37 million, a PE ratio of -9.00 and a beta of 1.52.

About Black Iron

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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.

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