Black Iron Inc. J (TSE:BKI)
TSX:BKI
Want to see TSE:BKI full AI Analyst Report?
Top Page
Black Iron
(TSX:BKI)
Select Model
Select Model
Rating:40Underperform
Price Target:
C$0.09
▼(-25.00% Downside)
Action:DowngradedDate:03/18/26
The score is held down primarily by weak financial performance (pre-revenue, ongoing losses, negative equity, and continued cash burn). Technicals add modest additional pressure due to price trading below key moving averages and a negative MACD, though oversold RSI/Stochastic slightly temper the downside. Valuation provides limited support because the negative P/E reflects unprofitable operations and there is no dividend yield indicated.
Positive Factors
Focused development-stage iron ore project
The company’s sole focus on Shymanivske gives it clear strategic direction and project optionality. Progress on exploration, permitting and development is a durable value driver for a mining developer: successful de‑risking steps (permits/resource definition) materially increase the chance of eventual cash‑generating production.
Negative Factors
Pre‑revenue operations (no revenue)
Being pre‑revenue means the business lacks operating cash inflows and must rely entirely on financing to fund development. This structural state increases execution risk: project delays or higher-than‑expected capex can quickly lengthen the timeline to cash generation and raise financing needs.
Read all positive and negative factors
Positive Factors
Negative Factors
Focused development-stage iron ore project
The company’s sole focus on Shymanivske gives it clear strategic direction and project optionality. Progress on exploration, permitting and development is a durable value driver for a mining developer: successful de‑risking steps (permits/resource definition) materially increase the chance of eventual cash‑generating production.
Read all positive factors
Black Iron (BKI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$29.09M
Dividend YieldN/A
Average Volume (3M)138.34K
Price to Earnings (P/E)―
Beta (1Y)1.82
Revenue GrowthN/A
EPS Growth31.96%
CountryCA
Employees3
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding306,226,680
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. operates as an iron ore exploration and development company. It holds a 100% interest in the Shymanivske iron ore project covering an area of 2.56 square kilometers located in Krivyi Rih, Ukraine. The company was incorporated in 20...
How the Company Makes Money
null...
Black Iron Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
10
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -115.11K | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.43M | -2.08M | -1.50M | -3.36M | -5.51M |
| Net Income | -1.48M | -2.13M | -1.58M | -3.42M | -5.90M |
Balance Sheet | |||||
| Total Assets | 1.08M | 2.37M | 1.17M | 2.33M | 6.39M |
| Cash, Cash Equivalents and Short-Term Investments | 565.90K | 1.78M | 1.10M | 2.26M | 5.69M |
| Total Debt | 445.75K | 537.62K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 4.31M | 4.34M | 1.32M | 1.03M | 1.74M |
| Stockholders Equity | -3.23M | -1.97M | -153.95K | 1.31M | 4.66M |
Cash Flow | |||||
| Free Cash Flow | -1.14M | -2.04M | -1.22M | -3.28M | -4.96M |
| Operating Cash Flow | -1.11M | -2.04M | -1.22M | -3.28M | -4.96M |
| Investing Cash Flow | -31.63K | 48.55K | 26.55K | 17.56K | -1.88K |
| Financing Cash Flow | -30.72K | 2.59M | 15.38K | 36.23K | 9.00M |
Black Iron Technical Analysis
Negative
0.12
Price Trends
0.12
Negative
0.13
Negative
0.12
Negative
Market Momentum
>-0.01
Negative
32.84
Neutral
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BKI, the sentiment is Negative. The current price of 0.12 is above the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.12, and above the 200-day MA of 0.12, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 32.84 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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% | |
54 Neutral | C$47.15M | -2.01 | -46.22% | ― | -19.54% | -394.40% | |
52 Neutral | C$66.28M | -2.52 | ― | ― | ― | -21.76% | |
49 Neutral | C$62.16M | 131.54 | -9.43% | ― | ― | 57.00% | |
45 Neutral | C$60.70M | -5.48 | -111.78% | ― | ― | 10.91% | |
40 Underperform | C$29.09M | -20.33 | 83.46% | ― | ― | 31.96% |
* Basic Materials Sector Average
TSE:BKI
Black Iron
0.10
0.02
18.75%
TSE:AAN
Aton Resources
0.52
0.35
205.88%
TSE:PGZ
Pan Global Resources
0.17
0.06
54.55%
TSE:SRL
Salazar Resources
0.24
0.07
46.87%
TSE:ATY
Atico Mining
0.26
0.15
145.28%
TSE:DLP
DLP Resources
0.30
-0.14
-32.18%
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.