Black Iron Inc. (TSE:BKI – Get Free Report)’s stock price traded down 17.9% during mid-day trading on Monday following insider selling activity. The stock traded as low as C$0.16 and last traded at C$0.16. 1,864,810 shares changed hands during trading, an increase of 113% from the average session volume of 875,840 shares. The stock had previously closed at C$0.20.
Specifically, insider RAB Capital Holdings Limited sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of C$0.18, for a total transaction of C$182,500.00.
Black Iron Stock Up 3.3 %
The company has a market cap of C$47.14 million, a price-to-earnings ratio of -15.50 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. The firm has a 50-day moving average price of C$0.11 and a 200 day moving average price of C$0.07.
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.
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