Black Iron Inc. J (TSE:BKI)
TSX:BKI
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Black Iron
(TSX:BKI)
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Rating:47Neutral
Price Target:
C$0.13
▲(6.67% Upside)
Action:Reiterated
Date:06/19/26
The score is constrained primarily by weak financial performance (no revenue, ongoing losses, negative free cash flow, and negative equity). Technical indicators are comparatively supportive with an ongoing uptrend, but valuation remains difficult to justify on earnings due to continued losses and no dividend support.
Positive Factors
Developable iron ore asset (Shymanivske)
Owning and advancing the Shymanivske iron ore project provides a clear, long‑lived value driver: successful exploration, permitting and project development could convert the company from a pre‑revenue explorer to a producer. This asset focus supports a tangible path to future cash generation over months to years.
Negative Factors
Deeply negative shareholder equity
Substantial negative equity is a durable solvency concern that can constrain borrowing, increase creditor scrutiny, and force dilutive financing. Over a multi‑quarter horizon this structural weakness limits financial flexibility and raises the probability of recapitalization or asset sales to shore up the balance sheet.
Read all positive and negative factors
Positive Factors
Negative Factors
Developable iron ore asset (Shymanivske)
Owning and advancing the Shymanivske iron ore project provides a clear, long‑lived value driver: successful exploration, permitting and project development could convert the company from a pre‑revenue explorer to a producer. This asset focus supports a tangible path to future cash generation over months to years.
Read all positive factors
Black Iron (BKI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$41.54M
Dividend YieldN/A
Average Volume (3M)138.34K
Price to Earnings (P/E)―
Beta (1Y)1.76
Revenue GrowthN/A
EPS Growth19.39%
CountryCA
Employees3
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding332,326,700
10 Day Avg. Volume247,722
30 Day Avg. Volume138,343
Financial Highlights & Ratios
PEG Ratio0.65
Price to Book (P/B)-9.31
Price to Sales (P/S)0.00
P/FCF Ratio-26.28
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Black Iron Business Overview & Revenue Model
Company Description
Black Iron Inc. is dedicated to the exploration and development of iron ore assets. The company possesses complete ownership (a 100% stake) in the Shymanivske iron ore project, an area spanning 2.56 square kilometers located in Krivyi Rih, Ukraine...
How the Company Makes Money
null...
Black Iron Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
14
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -58.12K | -115.11K | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.60M | -1.43M | -2.08M | -1.50M | -3.36M | -5.51M |
| Net Income | -1.75M | -1.48M | -2.13M | -1.58M | -3.42M | -5.90M |
Balance Sheet | ||||||
| Total Assets | 720.63K | 1.08M | 2.37M | 1.17M | 2.33M | 6.39M |
| Cash, Cash Equivalents and Short-Term Investments | 239.73K | 565.90K | 1.78M | 1.10M | 2.26M | 5.69M |
| Total Debt | 410.07K | 445.75K | 537.62K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 4.28M | 4.31M | 4.34M | 1.32M | 1.03M | 1.74M |
| Stockholders Equity | -3.56M | -3.23M | -1.97M | -153.95K | 1.31M | 4.66M |
Cash Flow | ||||||
| Free Cash Flow | -1.26M | -1.14M | -2.04M | -1.22M | -3.28M | -4.96M |
| Operating Cash Flow | -1.22M | -1.11M | -2.04M | -1.22M | -3.28M | -4.96M |
| Investing Cash Flow | -13.50K | -31.63K | 48.55K | 26.55K | 17.56K | -1.88K |
| Financing Cash Flow | -34.89K | -30.72K | 2.59M | 15.38K | 36.23K | 9.00M |
Black Iron Technical Analysis
Positive
0.12
Price Trends
0.11
Positive
0.11
Positive
0.12
Positive
Market Momentum
<0.01
Negative
57.43
Neutral
86.67
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BKI, the sentiment is Positive. The current price of 0.12 is above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.11, and above the 200-day MA of 0.12, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.43 is Neutral, neither overbought nor oversold. The STOCH value of 86.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BKI.
Black Iron Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | C$39.90M | -2.53 | -46.22% | ― | -4.98% | 44.05% | |
49 Neutral | C$78.32M | -9.17 | -123.80% | ― | ― | -11.91% | |
49 Neutral | C$63.49M | -25.38 | -9.43% | ― | ― | 57.00% | |
47 Neutral | C$41.54M | -15.50 | 83.46% | ― | ― | 19.39% | |
41 Neutral | C$59.90M | -5.18 | ― | ― | ― | -7.72% |
* Basic Materials Sector Average
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Black Iron Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Black Iron Upsizes Financing to Support Ukrainian Iron Ore Project
Positive
Apr 15, 2026
Black Iron has increased the size of its listed issuer financing exemption offering by US$200,000 to a maximum of US$1.9 million, reflecting strong investor demand for its non-brokered unit financing. The upsized offering, priced at $0.10 per unit...
Business Operations and StrategyPrivate Placements and Financing
Black Iron Launches Private Placement to Fund Shymanivske Project
Positive
Apr 6, 2026
Black Iron plans to raise up to approximately US$1.7 million through a non-brokered private placement of 23.66 million units at C$0.10 each, with a minimum proceed threshold of US$1.2 million and expected closing around April 20, 2026. Each unit c...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.