Labrador Iron Ore Royalty (TSE:LIF) Hits New 1-Year Low – Here’s Why

Labrador Iron Ore Royalty Co. (TSE:LIF – Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday. The stock traded as low as C$22.86 and last traded at C$23.52, with a volume of 327153 shares traded. The stock had previously closed at C$23.42.

Labrador Iron Ore Royalty Trading Down 4.4%

The stock has a 50 day simple moving average of C$25.93 and a 200 day simple moving average of C$27.33. The firm has a market capitalization of C$1.43 billion, a PE ratio of 18.58, a PEG ratio of 0.94 and a beta of 0.54.

Labrador Iron Ore Royalty (TSE:LIF – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported C$0.17 earnings per share for the quarter. Labrador Iron Ore Royalty had a return on equity of 12.04% and a net margin of 50.38%.The firm had revenue of C$33.97 million during the quarter. As a group, equities analysts anticipate that Labrador Iron Ore Royalty Co. will post 3.7420091 earnings per share for the current year.

About Labrador Iron Ore Royalty

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The Corporation holds a 15.

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