Noranda Income Fund (TSE:NIF.UN) Stock Price Passes Below 50 Day Moving Average of $2.41
Noranda Income Fund (TSE:NIF.UN) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $2.41 and traded as low as $2.26. Noranda Income Fund shares last traded at $2.38, with a volume of 4,300 shares.
The company has a market capitalization of $93.35 million and a P/E ratio of -6.27. The firm’s 50 day moving average price is C$2.44 and its two-hundred day moving average price is C$1.99. The company has a current ratio of 1.32, a quick ratio of 0.63 and a debt-to-equity ratio of 70.65.
Noranda Income Fund Company Profile (TSE:NIF.UN)
Noranda Income Fund operates as an income trust. The company owns electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Québec that produces refined zinc metal and various by-products from zinc concentrate. Its products include jumbo zinc, a product customized with alloy for steel customers to enhance the productivity of galvanizing lines; zinc shot, a product that is used to produce electro-galvanized steel for the car industry; and granulated zinc that is used in the production of fertilizers and reagents for the pulp and paper industry.
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