Labrador Iron Ore Royalty (TSE:LIF) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

Labrador Iron Ore Royalty Co. (TSE:LIF) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$28.10 and traded as low as C$25.93. Labrador Iron Ore Royalty shares last traded at C$26.04, with a volume of 260,383 shares traded.

Labrador Iron Ore Royalty Price Performance

The company has a market cap of C$1.64 billion, a PE ratio of 21.38, a PEG ratio of 0.94 and a beta of 0.33. The stock’s 50-day moving average is C$26.63 and its 200 day moving average is C$28.03.

Labrador Iron Ore Royalty (TSE:LIF) last released its quarterly earnings results on Wednesday, August 5th. The company reported C$0.17 earnings per share (EPS) for the quarter. The business had revenue of C$33.97 million for the quarter. Labrador Iron Ore Royalty had a net margin of 50.38% and a return on equity of 12.04%. On average, analysts expect that Labrador Iron Ore Royalty Co. will post 3.7420091 EPS for the current year.

Labrador Iron Ore Royalty Company Profile

The Corporation holds a 15.