Labrador Iron Ore Royalty (OTCMKTS:LIFZF) Shares Up 0.3% – Still a Buy?

Shares of Labrador Iron Ore Royalty Co. (OTCMKTS:LIFZF) shot up 0.3% on Tuesday . The stock traded as high as $20.20 and last traded at $20.18. 13,584 shares were traded during mid-day trading, a decline of 29% from the average session volume of 19,047 shares. The stock had previously closed at $20.12.

Labrador Iron Ore Royalty Trading Up 0.3%

The business’s 50-day simple moving average is $20.73 and its 200 day simple moving average is $20.75.

Labrador Iron Ore Royalty Company Profile

Labrador Iron Ore Royalty Corporation, through its subsidiary, Hollinger-Hanna Limited, holds a 15.10% equity interest in Iron Ore Company of Canada (IOC) that produces and processes iron ores at Labrador City, Newfoundland and Labrador. Its primary products include standard and low silica acid, flux, and direct reduction pellets; iron ore concentrate; and seaborne iron ore pellets.