Champion Iron (OTCMKTS:CIAFF) Shares Down 1.4%

Champion Iron Limited (OTCMKTS:CIAFF – Get Rating) shares were down 1.4% on Thursday . The company traded as low as $5.20 and last traded at $5.20. Approximately 302,000 shares traded hands during mid-day trading, an increase of 195% from the average daily volume of 102,218 shares. The stock had previously closed at $5.28.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CIAFF shares. Scotiabank cut their price objective on shares of Champion Iron from C$7.00 to C$6.00 in a report on Thursday, October 13th. Raymond James cut their price objective on shares of Champion Iron from C$8.25 to C$7.50 in a report on Wednesday, October 5th. Finally, Royal Bank of Canada cut their price objective on shares of Champion Iron from C$8.00 to C$7.00 in a report on Tuesday, November 1st.

Champion Iron Stock Down 1.4 %

The company has a 50 day moving average price of $4.66 and a two-hundred day moving average price of $3.83.

Champion Iron Company Profile

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Champion Iron Limited engages in the acquisition, exploration, development, and production of iron ore deposits in Canada. Its flagship projects include the Bloom Lake Mine located in south end of the Labrador; the Consolidated Fire Lake North project that includes the Fire Lake North, Don Lake, Bellechasse, and Oil Can deposits situated in Quebec; and the Kamistiatusset project located in the Labrador.