Black Iron (TSE:BKI) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Black Iron Inc. (TSE:BKI) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.10 and traded as high as C$0.15. Black Iron shares last traded at C$0.15, with a volume of 81,536 shares trading hands.

Black Iron Stock Up 7.1 %

The firm has a market capitalization of C$32.08 million, a price-to-earnings ratio of -21.22 and a beta of 1.52. The business’s 50-day simple moving average is C$0.16 and its two-hundred day simple moving average is C$0.10.

Insider Activity at Black Iron

In related news, insider RAB Capital Holdings Limited sold 750,000 shares of Black Iron stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of C$0.19, for a total value of C$144,975.00. Over the last quarter, insiders sold 4,714,500 shares of company stock worth $883,647. 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.