Black Iron Inc (TSE:BKI)’s share price dropped 9.1% during mid-day trading on Monday . The stock traded as low as C$0.09 and last traded at C$0.10. Approximately 292,027 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 671,632 shares. The stock had previously closed at C$0.11.

The stock has a market capitalization of $20.49 million and a price-to-earnings ratio of -6.92.

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About Black Iron (TSE:BKI)

Black Iron Inc, together with its subsidiaries, explores for and develops ferrous metal in Ukraine. The company holds a 100% interest in the Shymanivske iron ore project, which covers an area of 2.56 square kilometers located in Kryvyi Rih. Black Iron Inc was incorporated in 2010 and is headquartered in Toronto, Canada.

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