Shares of Champion Iron Limited (OTCMKTS:CIAFF – Get Free Report) dropped 4.4% during trading on Monday . The stock traded as low as $3.50 and last traded at $3.50. Approximately 500 shares changed hands during trading, a decline of 98% from the average daily volume of 30,558 shares. The stock had previously closed at $3.66.
Wall Street Analyst Weigh In
Separately, Scotiabank restated an “outperform” rating on shares of Champion Iron in a research report on Friday, May 1st. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy”.
Get Our Latest Stock Analysis on Champion Iron
Champion Iron Stock Performance
About Champion Iron
Champion Iron (OTCMKTS:CIAFF) is a Canadian mining company focused on the production and sale of high-grade iron ore concentrate. The company’s core asset is the Bloom Lake Mine, located in the Labrador Trough region of Quebec. Champion Iron operates an integrated mine, processing plant and rail infrastructure to produce a premium magnetite concentrate that serves as a key raw material for steelmakers worldwide.
Since acquiring the Bloom Lake Mine in 2017, Champion Iron has invested in optimizing its processing facilities and expanding its pellet feed production capacity.
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