Black Iron (TSE:BKI) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Black Iron Inc. (TSE:BKI) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.11 and traded as high as C$0.11. Black Iron shares last traded at C$0.11, with a volume of 224,693 shares changing hands.

Black Iron Stock Down 4.5%

The firm has a market cap of C$32.15 million, a PE ratio of -10.50 and a beta of 1.48. The firm has a 50-day moving average price of C$0.12 and a two-hundred day moving average price of C$0.11.

Insider Activity at Black Iron

In related news, insider Rab Capital Holdings Limited sold 1,009,000 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of C$0.15, for a total value of C$148,323.00. Following the completion of the sale, the insider owned 30,238,832 shares of the company’s stock, valued at approximately C$4,445,108.30. This trade represents a 3.23% decrease in their ownership of the stock. Corporate insiders own 2.14% of the company’s stock.

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.