Champion Iron (TSE:CIA) Shares Pass Below 50 Day Moving Average of $6.35

Champion Iron Limited (TSE:CIA)’s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$6.35 and traded as low as C$6.29. Champion Iron shares last traded at C$6.39, with a volume of 143,207 shares changing hands.

Wall Street Analyst Weigh In

CIA has been the topic of a number of recent research reports. Scotiabank dropped their price objective on shares of Champion Iron from C$7.00 to C$6.50 and set a “sector perform” rating on the stock in a research note on Wednesday, April 24th. B. Riley lifted their price target on Champion Iron from C$8.00 to C$10.00 and gave the company a “buy” rating in a report on Friday, January 12th. Finally, Raymond James decreased their price objective on Champion Iron from C$8.50 to C$8.00 in a research note on Monday, April 1st.

Champion Iron Price Performance

The stock’s 50-day moving average is C$6.35 and its 200 day moving average is C$6.72. The company has a debt-to-equity ratio of 44.59, a current ratio of 2.85 and a quick ratio of 2.01. The company has a market cap of C$3.31 billion, a PE ratio of 11.21, a PEG ratio of -1.35 and a beta of 1.23.

Champion Iron Company Profile

Champion Iron Limited engages in the acquisition, exploration, development, and production of iron ore deposits in Canada. Its flagship projects include the Bloom Lake Mine located in south end of the Labrador; the Consolidated Fire Lake North project that includes the Fire Lake North, Don Lake, Bellechasse, and Oil Can deposits situated in Quebec; and the Kamistiatusset project located in the Labrador.