Black Iron (TSE:BKI) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of Black Iron Inc. (TSE:BKIGet Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.11 and traded as high as C$0.14. Black Iron shares last traded at C$0.14, with a volume of 167,204 shares trading hands.

Black Iron Stock Down 3.6%

The firm has a market capitalization of C$41.34 million, a PE ratio of -13.50 and a beta of 1.61. The company’s 50-day simple moving average is C$0.11 and its 200 day simple moving average is C$0.11.

Black Iron (TSE:BKIGet Free Report) last posted its quarterly earnings data on Tuesday, November 4th. The company reported C$0.00 earnings per share (EPS) for the quarter. On average, sell-side analysts forecast that Black Iron Inc. will post -0.05 earnings per share for the current fiscal year.

Black Iron Company Profile

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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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