Labrador Iron Ore Royalty (OTCMKTS:LIFZF) Trading Down 5.8% – Time to Sell?

Labrador Iron Ore Royalty Co. (OTCMKTS:LIFZFGet Free Report) shares traded down 5.8% during trading on Thursday . The stock traded as low as $20.08 and last traded at $20.23. 94,353 shares were traded during mid-day trading, an increase of 331% from the average session volume of 21,882 shares. The stock had previously closed at $21.48.

Labrador Iron Ore Royalty Price Performance

The business has a 50-day moving average of $20.48 and a 200 day moving average of $20.93.

Labrador Iron Ore Royalty Company Profile

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Labrador Iron Ore Royalty Corporation, through its subsidiary, Hollinger-Hanna Limited, holds a 15.10% equity interest in Iron Ore Company of Canada (IOC) that produces and processes iron ores at Labrador City, Newfoundland and Labrador. Its primary products include standard and low silica acid, flux, and direct reduction pellets; iron ore concentrate; and seaborne iron ore pellets.

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