Labrador Iron Ore Royalty (OTCMKTS:LIFZF) Trading Down 1.6% – Here’s Why

Labrador Iron Ore Royalty Co. (OTCMKTS:LIFZFGet Free Report) fell 1.6% on Friday . The company traded as low as $20.83 and last traded at $20.90. 24,237 shares were traded during mid-day trading, an increase of 225% from the average session volume of 7,449 shares. The stock had previously closed at $21.23.

Labrador Iron Ore Royalty Stock Performance

The stock has a 50 day simple moving average of $21.85 and a 200 day simple moving average of $21.99.

Labrador Iron Ore Royalty Company Profile

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Labrador Iron Ore Royalty Corporation, through its subsidiary, Hollinger-Hanna Limited, holds a 15.10% equity interest in Iron Ore Company of Canada (IOC) that produces and processes iron ores at Labrador City, Newfoundland and Labrador. Its primary products include standard and low silica acid, flux, and direct reduction pellets; iron ore concentrate; and seaborne iron ore pellets.

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