Shares of Labrador Iron Ore Royalty Co. (TSE:LIF – Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$29.22 and traded as low as C$27.40. Labrador Iron Ore Royalty shares last traded at C$27.55, with a volume of 156,287 shares changing hands.
Labrador Iron Ore Royalty Stock Performance
The stock has a 50 day moving average price of C$28.51 and a 200 day moving average price of C$29.22. The company has a market cap of C$1.77 billion, a P/E ratio of 9.02, a P/E/G ratio of 0.94 and a beta of 1.10.
About Labrador Iron Ore Royalty
Labrador Iron Ore Royalty Corporation is a Canadian corporation. The company generates all of its revenue from its equity investment in Iron Ore Company of Canada, (IOC) and its IOC royalty and commission interests. IOC operates a major iron mine near Labrador City, Newfoundland, and Labrador on lands leased from LIORC.
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