Labrador Iron Ore Royalty Co. (OTCMKTS:LIFZF) Short Interest Update

Labrador Iron Ore Royalty Co. (OTCMKTS:LIFZF) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 649,726 shares, a decline of 40.9% from the April 15th total of 1,098,675 shares. Based on an average daily trading volume, of 28,248 shares, the days-to-cover ratio is currently 23.0 days.

Labrador Iron Ore Royalty Stock Performance

Shares of Labrador Iron Ore Royalty stock traded up $0.02 during trading on Monday, hitting $20.40. The company’s stock had a trading volume of 3,751 shares, compared to its average volume of 15,760. Labrador Iron Ore Royalty has a 52 week low of $18.90 and a 52 week high of $23.29. The stock has a 50-day moving average price of $20.98 and a two-hundred day moving average price of $21.51.

Labrador Iron Ore Royalty Company Profile

Labrador Iron Ore Royalty Limited (OTCMKTS:LIFZF) is a Canadian mineral royalty company headquartered in St. John’s, Newfoundland and Labrador. Established in 1965 under a strategic agreement with the Iron Ore Company of Canada (IOC), the company holds a 7.7% gross royalty on iron ore concentrate production from IOC’s operations in the Labrador Trough. This long-term royalty interest provides a steady, passive revenue stream tied to iron ore prices and production levels at one of North America’s largest iron ore facilities.

In addition to its core royalty business, Labrador Iron Ore Royalty maintains an exploration portfolio of iron ore properties within the Labrador Trough.