Noranda Income Fund (OTCMKTS:NNDIF) PT Raised to C$2.50

Noranda Income Fund (OTCMKTS:NNDIF – Get Rating) had its target price hoisted by research analysts at TD Securities from C$1.85 to C$2.50 in a report released on Tuesday, The Fly reports.

Noranda Income Fund stock traded up $0.04 during mid-day trading on Tuesday, hitting $1.28. The company’s stock had a trading volume of 300 shares, compared to its average volume of 7,526. The business has a 50 day moving average price of $1.11 and a 200-day moving average price of $0.97. Noranda Income Fund has a 12 month low of $0.00 and a 12 month high of $1.28.

About Noranda Income Fund (Get Rating)

Noranda Income Fund operates as an income trust. The company owns electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Québec that produces refined zinc metal and various by-products from zinc concentrate. Its products include jumbo zinc, a product customized with alloy for steel customers to enhance the productivity of galvanizing lines; zinc shot, a product that is used to produce electro-galvanized steel for the car industry; and granulated zinc that is used in the production of fertilizers and reagents for the pulp and paper industry.

Read More