Insider Selling: Black Iron Inc. (TSE:BKI) Insider Sells 1,255,500 Shares

Recently, Black Iron Inc. (TSE:BKI) experienced significant insider selling with RAB Capital Holdings Limited offloading 1,255,500 shares of the company's stock. This transaction took place on Wednesday, February 12th, where the shares were sold at an average price of C$0.20, culminating in a total value of C$251,225.55.

Furthermore, RAB Capital Holdings Limited conducted several other stock transactions in recent weeks, including the following:

• On February 10th, it sold 666,000 shares at an average price of C$0.18, totaling C$121,212.00.
• On February 7th, the sale included 422,000 shares at an average price of C$0.17, bringing in C$72,584.00.
• On January 22nd, 250,500 shares were sold at an average of C$0.19, for a transaction value of C$46,342.50.
• Earlier, on January 20th, the company sold 130,000 shares at C$0.18, totaling C$22,750.00.
• On January 16th, RAB Capital sold 140,500 shares at an average price of C$0.18, which amounted to C$24,587.50.
• Lastly, on January 13th, there was a large sale of 750,000 shares at C$0.19, valued at C$144,975.00.
• Additionally, on January 10th, RAB Capital sold 1,000,000 shares at an average price of C$0.18, which translated to a value of C$182,500.00.

Black Iron Stock Performance

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

About Black Iron

Black Iron Inc. is a Canadian company focused on the exploration and development of iron ore. Its primary project is the Shymanivske iron ore project, located in Kryvyi Rih, Ukraine. This venture aims to explore and develop ferrous metals within the region.

Additional Insights

This recent activity is notable for investors monitoring insider trading trends and company movements in the stock market. Understanding these transactions is critical for making informed investment decisions.

Black Iron, Insider, Stock