Labrador Iron Ore Royalty Co. (TSE:LIF - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$30.26 and traded as high as C$30.88. Labrador Iron Ore Royalty shares last traded at C$30.60, with a volume of 240,849 shares trading hands.
Wall Street Analyst Weigh In
Separately, Scotiabank reduced their price objective on Labrador Iron Ore Royalty from C$32.00 to C$31.00 in a research report on Wednesday, November 6th.
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Labrador Iron Ore Royalty Price Performance
The business has a fifty day moving average price of C$29.56 and a 200 day moving average price of C$30.26. The company has a market capitalization of C$1.96 billion, a price-to-earnings ratio of 9.22, a price-to-earnings-growth ratio of 0.94 and a beta of 1.10.
Labrador Iron Ore Royalty Company Profile
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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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