Shares of Labrador Iron Ore Royalty Co. (TSE:LIF – Get Free Report) fell 1.1% during trading on Wednesday . The stock traded as low as C$29.39 and last traded at C$29.83. 33,790 shares changed hands 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 Price Performance
The firm has a market cap 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 stock has a 50-day moving average price of C$30.28 and a 200 day moving average price 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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