Champion Iron Limited (OTCMKTS:CHPRF – Get Free Report) shares dropped 1.1% on Wednesday . The stock traded as low as $2.4720 and last traded at $2.4720. 50,639 shares traded hands during mid-day trading, an increase of 60% from the average session volume of 31,596 shares. The stock had previously closed at $2.50.
Champion Iron Trading Down 1.1%
The business has a 50 day simple moving average of $2.64 and a two-hundred day simple moving average of $3.18.
About Champion Iron
Champion Iron is a Canada-based mining company primarily engaged in the production and sale of high-grade iron ore concentrate. The company operates the Bloom Lake mine, located near Fermont in Québec’s Labrador Trough, which includes an open-pit mine and a concentrator with an annual design capacity of approximately 15 million tonnes. Champion Iron’s operations extend from ore extraction and on-site processing to the logistics chain that delivers concentrate to port facilities.
The core product of Champion Iron is a premium 66% iron content hematite concentrate, which is marketed to steelmakers around the world.
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