Black Iron Inc. (TSE:BKI – Get Free Report)’s stock price traded down 17.9% on Monday after an insider sold shares in the company. The stock traded as low as C$0.16 and last traded at C$0.16. 1,864,810 shares were traded during mid-day 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 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 Performance
The stock’s 50-day moving average price is C$0.10 and its 200-day moving average price is C$0.07. The company has a current ratio of 0.40, a quick ratio of 2.76 and a debt-to-equity ratio of 0.71. The company has a market capitalization of C$48.66 million, a P/E ratio of -16.00 and a beta of 1.52.
About Black Iron
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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