Labrador Iron Ore Royalty (TSE:LIF) Insider Stephen Douglas Pearce Acquires 2,000 Shares of Stock

Labrador Iron Ore Royalty Co. (TSE:LIF) insider Stephen Douglas Pearce purchased 2,000 shares of the business’s stock in a transaction dated Thursday, November 27th. The shares were purchased at an average price of C$29.71 per share, for a total transaction of C$59,420.00. Following the acquisition, the insider owned 2,000 shares of the company’s stock, valued at approximately C$59,420. The trade was a ∞ increase in their ownership of the stock.

Labrador Iron Ore Royalty Stock Down 1.3%

Shares of TSE LIF opened at C$30.22 on Friday. The firm has a market cap of C$1.93 billion, a P/E ratio of 17.67, a PEG ratio of 0.94 and a beta of 0.49. Labrador Iron Ore Royalty Co. has a twelve month low of C$25.85 and a twelve month high of C$31.08. The company has a 50 day moving average of C$29.22 and a 200 day moving average of C$28.29.

Labrador Iron Ore Royalty (TSE:LIF) last posted its earnings results on Thursday, November 6th. The company reported C$0.47 EPS for the quarter. The business had revenue of C$43.85 million during the quarter. Labrador Iron Ore Royalty had a return on equity of 29.05% and a net margin of 94.67%. As a group, equities analysts expect that Labrador Iron Ore Royalty Co. will post 3.7420091 earnings per share for the current fiscal year.

Labrador Iron Ore Royalty Company Profile

Labrador Iron Ore Royalty Corporation is a Canadian corporation. The company generates all of its revenue from its equity investment in Iron Ore Company of Canada, (IOC) and its IOC royalty and commission interests. IOC operates a major iron mine near Labrador City, Newfoundland, and Labrador on lands leased from LIORC. Directly and through its wholly-owned subsidiary, Hollinger-Hanna, LIORC owns an equity interest in IOC and receives gross overriding royalty on all iron ore products produced from the leased lands that are sold and shipped by IOC and commission on IOC’s sales of iron ore.