Black Iron (TSE:BKI) Stock Price Down 12.5%

Black Iron Inc (TSE:BKI)’s stock price was down 12.5% on Wednesday . The company traded as low as C$0.07 and last traded at C$0.07, approximately 266,000 shares changed hands during trading. A decline of 56% from the average daily volume of 602,158 shares. The stock had previously closed at C$0.08.

The stock has a market cap of $14.90 million and a price-to-earnings ratio of -4.41. The company’s 50-day simple moving average is C$0.08 and its 200-day simple moving average is C$0.09.

Black Iron Company Profile (TSE:BKI)

Black Iron Inc operates as a Canadian iron ore exploration and development company. The company holds a 100% interest in the Shymanivske iron ore project, which covers 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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