Insider Selling at Black Iron Inc. Leads to Significant Stock Sale

Black Iron Inc. (TSE:BKI) has seen notable insider trading activity recently. On Wednesday, February 12th, an insider from RAB Capital Holdings Limited sold 1,255,500 shares of Black Iron stock at an average price of C$0.20. This transaction resulted in a total value of C$251,225.55 for the shares sold.

Prior to this transaction, RAB Capital Holdings Limited engaged in several other sales of Black Iron stock:

• On Monday, February 10th, they sold 666,000 shares at an average price of C$0.18, totaling C$121,212.00.
• On Friday, February 7th, they sold 422,000 shares at an average price of C$0.17, amounting to C$72,584.00.
• On Wednesday, January 22nd, they sold 250,500 shares at an average price of C$0.19, which led to a total transaction value of C$46,342.50.
• On Monday, January 20th, they sold 130,000 shares at an average price of C$0.18, generating C$22,750.00.
• On Thursday, January 16th, they sold 140,500 shares at an average price of C$0.18, bringing in C$24,587.50.
• On Monday, January 13th, they sold 750,000 shares at an average price of C$0.19, totaling C$144,975.00.
• On Friday, January 10th, they sold 1,000,000 shares at an average price of C$0.18, leading to a total value of C$182,500.00.

Current Stock Performance of Black Iron

The stock of Black Iron opened at C$0.21 on Friday. Its current market capitalization stands at C$44.92 million, with a PE ratio of -29.71 and a beta of 1.52. The company's 50-day moving average price is C$0.14, while its 200-day moving average price is C$0.09. Over the last year, Black Iron's stock has experienced a low of C$0.04 and a high of C$0.23.

About Black Iron Inc.

Black Iron Inc. is a Canadian company focused on exploring and developing iron ore assets, particularly in Ukraine. Its main project is the Shymanivske iron ore project in Kryvyi Rih, Ukraine. The company continues to work on its exploratory and developmental efforts in the region.

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Insider, Trading, Stock