Black Iron Inc. (TSE:BKI – Get Free Report)’s share price dropped 17.9% during trading on Monday following insider selling activity. The company traded as low as C$0.16 and last traded at C$0.16. Approximately 1,864,810 shares were traded during trading, an increase of 113% from the average daily 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 stock was sold at an average price of C$0.18, for a total value of C$182,500.00.
Black Iron Price Performance
The business has a fifty day moving average of C$0.11 and a two-hundred day moving average of C$0.07. 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 market capitalization of C$47.14 million, a price-to-earnings ratio of -15.50 and a beta of 1.52.
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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