Labrador Iron Ore Royalty Co. (TSE:LIF – Get Free Report) shares fell 1.1% on Wednesday . The company traded as low as C$29.39 and last traded at C$29.83. 33,790 shares were traded during mid-day trading, a decline of 85% from the average session volume of 230,624 shares. The stock had previously closed at C$30.17.
Labrador Iron Ore Royalty Trading Down 2.8 %
The stock has a market capitalization of C$1.89 billion, a PE ratio of 9.61, a P/E/G ratio of 0.94 and a beta of 1.10. The firm has a 50 day moving average of C$30.28 and a two-hundred day moving average of C$30.39.
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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