Labrador Iron Mines Holdings Limited (OTCMKTS:LBRMF) Short Interest Up 261.6% in January

Labrador Iron Mines Holdings Limited (OTCMKTS:LBRMF) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 2,882 shares, a growth of 261.6% from the January 15th total of 797 shares. Based on an average daily trading volume, of 54,723 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 54,723 shares, the short-interest ratio is currently 0.1 days.

Labrador Iron Mines Stock Performance

OTCMKTS LBRMF traded down $0.02 during trading hours on Wednesday, reaching $0.01. The company’s stock had a trading volume of 9,100 shares, compared to its average volume of 20,480. The business has a 50-day simple moving average of $0.01 and a 200 day simple moving average of $0.02. Labrador Iron Mines has a 52 week low of $0.00 and a 52 week high of $0.10.

Labrador Iron Mines Company Profile

Labrador Iron Mines (OTCMKTS:LBRMF) is a Canadian exploration and development company engaged in the production of direct-shipping iron ore within the Labrador Trough region of northeastern Canada. The company focuses on advancing multiple iron ore deposits located near Schefferville, straddling the border of Labrador and Quebec. Its core activities encompass resource delineation, mine development, ore processing, and shipment logistics tailored to feed steelmaking mills worldwide.

The company’s flagship assets include the James, Redmond, Houston, HBJ, and Carol deposits, which historically delivered high-quality hematite suitable for direct shipment without extensive beneficiation.