Labrador Iron Ore Royalty Co. (OTCMKTS:LIFZF – Get Free Report)’s stock price dropped 1% during mid-day trading on Tuesday . The company traded as low as $19.63 and last traded at $19.68. 35,283 shares traded hands during trading, an increase of 72% from the average daily volume of 20,476 shares. The stock had previously closed at $19.87.
Labrador Iron Ore Royalty Stock Performance
The business’s 50-day simple moving average is $20.37 and its two-hundred day simple moving average is $21.36.
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.
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