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Black Iron
(TSX:BKI)
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Rating:40Underperform
Price Target:
C$0.06
▼(-31.11% Downside)
Action:Downgraded
Date:10/27/26
The score is primarily weighed down by weak financial performance—no revenue, ongoing losses and cash burn, and negative equity with increasing debt—indicating elevated solvency and funding risk. Technicals add further pressure as the stock trades below major moving averages with negative MACD, only partially tempered by an RSI near oversold. Valuation provides limited support because a negative P/E reflects continued unprofitability and no dividend yield is available.
Positive Factors
Narrowing Losses
The reduction in losses indicates some improvement in cost absorption or expense control compared with earlier periods. Although profitability remains negative, a lower loss base can extend financial runway and provide a better foundation for future project development if operating discipline continues.
Negative Factors
No Revenue or Profitability
Zero revenue across the reported periods means Black Iron has not demonstrated commercial operations or earnings power. Persistent operating and net losses limit internal funding capacity, increase dependence on financing, and make future project progress reliant on successful development execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Narrowing Losses
The reduction in losses indicates some improvement in cost absorption or expense control compared with earlier periods. Although profitability remains negative, a lower loss base can extend financial runway and provide a better foundation for future project development if operating discipline continues.
Read all positive factors
Black Iron (BKI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$23.26M
Dividend YieldN/A
Average Volume (3M)197.67K
Price to Earnings (P/E)―
Beta (1Y)1.72
Revenue GrowthN/A
EPS Growth13.40%
CountryCA
Employees3
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding332,326,700
10 Day Avg. Volume155,361
30 Day Avg. Volume197,674
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...
Black Iron Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
12
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 | -86.52K | -115.11K | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.24M | -1.43M | -2.08M | -1.50M | -3.36M | -5.51M |
| Net Income | -1.89M | -1.48M | -2.13M | -1.58M | -3.42M | -5.90M |
Balance Sheet | ||||||
| Total Assets | 2.15M | 1.08M | 2.37M | 1.17M | 2.33M | 6.39M |
| Cash, Cash Equivalents and Short-Term Investments | 1.70M | 565.90K | 1.78M | 1.10M | 2.26M | 5.69M |
| Total Debt | 377.05K | 445.75K | 537.62K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 4.20M | 4.31M | 4.34M | 1.32M | 1.03M | 1.74M |
| Stockholders Equity | -2.05M | -3.23M | -1.97M | -153.95K | 1.31M | 4.66M |
Cash Flow | ||||||
| Free Cash Flow | -1.32M | -1.14M | -2.04M | -1.22M | -3.28M | -4.96M |
| Operating Cash Flow | -1.31M | -1.11M | -2.04M | -1.22M | -3.28M | -4.96M |
| Investing Cash Flow | 1.91K | -31.63K | 48.55K | 26.55K | 17.56K | -1.88K |
| Financing Cash Flow | 1.64M | -30.72K | 2.59M | 15.38K | 36.23K | 9.00M |
Black Iron Technical Analysis
Negative
0.09
Price Trends
0.08
Negative
0.10
Negative
0.11
Negative
Market Momentum
>-0.01
Negative
46.91
Neutral
66.67
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 0.09 is above the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.08, and below the 200-day MA of 0.11, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.91 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 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% | |
48 Neutral | C$74.22M | -41.79 | -7.59% | ― | ― | 67.00% | |
47 Neutral | C$63.50M | -6.18 | -98.58% | ― | ― | -11.95% | |
43 Neutral | C$39.00M | -1.94 | -40.38% | ― | -13.48% | 31.87% | |
40 Underperform | C$23.26M | -8.35 | 64.30% | ― | ― | 13.40% | |
40 Underperform | C$44.57M | -3.22 | 55.96% | ― | ― | -11.41% |
* Basic Materials Sector Average
TSE:BKI
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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.