Black Iron Inc. (TSE:BKI – Get Free Report) shares fell 10% during trading on Friday . The company traded as low as C$0.15 and last traded at C$0.16. 597,526 shares were traded during trading, a decline of 6% from the average session volume of 636,113 shares. The stock had previously closed at C$0.18.
Black Iron Stock Down 11.4 %
The stock’s 50-day moving average is C$0.15 and its 200 day moving average is C$0.09. The stock has a market capitalization of C$33.15 million, a PE ratio of -21.93 and a beta of 1.52.
Insider Buying and Selling
In other Black Iron news, insider RAB Capital Holdings Limited sold 1,255,500 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of C$0.20, for a total transaction of C$251,225.55. In the last three months, insiders sold 4,615,000 shares of company stock valued at $866,264. Company insiders own 2.14% of the company’s stock.
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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