Black Iron Inc. J (TSE:BKI)
TSX:BKI
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Black Iron
(TSX:BKI)
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Rating:40Underperform
Price Target:
C$0.11
▼(-9.17% 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
Advanced Shymanivske iron ore project
Owning a progressed iron‑ore deposit with completed technical and economic studies materially de‑risks the pathway versus early exploration. This advancement improves ability to secure project financing, offtake or partners and preserves long‑term optionality to move toward production when market and permitting align.
Negative Factors
Pre‑revenue operations
No operating revenue means the company cannot self‑fund development and must rely on capital markets, asset sales or partners. This extends time to cash‑positive operations and raises execution and dilution risk, especially for a capital‑intensive mining project.
Read all positive and negative factors
Positive Factors
Negative Factors
Advanced Shymanivske iron ore project
Owning a progressed iron‑ore deposit with completed technical and economic studies materially de‑risks the pathway versus early exploration. This advancement improves ability to secure project financing, offtake or partners and preserves long‑term optionality to move toward production when market and permitting align.
Read all positive factors
Black Iron (BKI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$33.68M
Dividend YieldN/A
Average Volume (3M)138.34K
Price to Earnings (P/E)―
Beta (1Y)1.96
Revenue GrowthN/A
EPS Growth-36.76%
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
Neutral
0.12
Price Trends
0.12
Negative
0.13
Negative
0.12
Negative
Market Momentum
>-0.01
Negative
48.10
Neutral
55.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BKI, the sentiment is Neutral. The current price of 0.12 is above the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.12, and above the 200-day MA of 0.12, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.10 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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$53.50M | -2.01 | -46.22% | ― | -19.56% | -394.65% | |
52 Neutral | C$76.47M | -2.52 | ― | ― | ― | ― | |
46 Neutral | C$50.26M | 131.54 | -9.43% | ― | ― | 73.94% | |
45 Neutral | C$49.99M | -5.48 | -111.78% | ― | ― | 10.91% | |
40 Underperform | C$33.68M | -20.33 | 83.46% | ― | ― | -36.76% |
* Basic Materials Sector Average
TSE:BKI
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Black Iron Corporate Events
Other
RAB Capital Trims Stake in Black Iron but Maintains Long-Term Investment View
Neutral
Jan 24, 2026
RAB Capital Holdings Limited has sold 6,278,500 common shares of Black Iron Inc. in open-market transactions between May 15, 2025, and January 22, 2026, for total proceeds of about $859,514 at an average price of $0.1373 per share. Following the d...
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.