Champion Iron Limited (OTCMKTS:CHPRF – Get Free Report) fell 4.5% during trading on Wednesday. The company traded as low as $1.28 and last traded at $1.28. 1,272,760 shares traded hands during trading, an increase of 3,928% from the average daily volume of 31,596 shares. The stock had previously closed at $1.34.
Champion Iron Trading Down 4.5%
The firm’s fifty day simple moving average is $2.08 and its two-hundred day simple moving average is $3.01.
About Champion Iron
Champion Iron Limited is a Canadian mining company focused on the exploration, development, and production of iron ore. The company’s principal asset is the Bloom Lake Mine, an open-pit operation near Fermont in Quebec’s Côte-Nord region. Bloom Lake produces a high-grade iron ore concentrate used as a feedstock by steelmakers.
Champion Iron acquired the Bloom Lake assets in 2016 and restarted production in 2018 after completing refurbishment and development work. The company has since expanded the operation and continues to evaluate opportunities to increase production, improve product quality, and reduce the environmental impact of iron and steel production.
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