Champion Iron (TSE:CIA) Trading Down 0.2% - Time to Sell?

Shares of Champion Iron Limited (TSE:CIA - Get Free Report) traded down 0.2% on Wednesday . The company traded as low as C$5.39 and last traded at C$5.41. 633,008 shares changed hands during trading, an increase of 80% from the average session volume of 350,752 shares. The stock had previously closed at C$5.42.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CIA shares. TD Securities decreased their price objective on shares of Champion Iron from C$8.00 to C$7.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Desjardins raised shares of Champion Iron to a "moderate buy" rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Champion Iron currently has a consensus rating of "Moderate Buy" and a consensus price target of C$8.10.

Champion Iron Trading Down 0.7 %

The company has a debt-to-equity ratio of 42.65, a quick ratio of 2.01 and a current ratio of 2.42. The company has a market cap of C$2.78 billion, a price-to-earnings ratio of 9.42, a P/E/G ratio of -1.35 and a beta of 1.39. The company's fifty day moving average is C$5.66 and its two-hundred day moving average is C$5.70.

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.