Labrador Iron Ore Royalty Co. (OTCMKTS:LIFZF) Short Interest Down 40.9% in April

Labrador Iron Ore Royalty Co. (OTCMKTS:LIFZF) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 649,726 shares, a drop of 40.9% from the April 15th total of 1,098,675 shares. Based on an average trading volume of 28,248 shares, the short-interest ratio is presently 23.0 days.

Labrador Iron Ore Royalty Price Performance

LIFZF traded down $0.13 during trading on Friday, hitting $20.38. The stock had a trading volume of 26,017 shares, compared to its average volume of 15,904. Labrador Iron Ore Royalty has a twelve month low of $18.90 and a twelve month high of $23.29. The stock has a 50 day simple moving average of $20.98 and a two-hundred day simple moving average of $21.50.

About Labrador Iron Ore Royalty

Labrador Iron Ore Royalty Limited (OTCMKTS:LIFZF) is a Canadian mineral royalty company headquartered in St. John’s, Newfoundland and Labrador. Established in 1965 under a strategic agreement with the Iron Ore Company of Canada (IOC), the company holds a 7.7% gross royalty on iron ore concentrate production from IOC’s operations in the Labrador Trough. This long-term royalty interest provides a steady, passive revenue stream tied to iron ore prices and production levels at one of North America’s largest iron ore facilities.

In addition to its core royalty business, Labrador Iron Ore Royalty maintains an exploration portfolio of iron ore properties within the Labrador Trough.