Labrador Iron Ore Royalty (OTCMKTS:LIFZF) Trading Down 1% – Time to Sell?

Shares of Labrador Iron Ore Royalty Co. (OTCMKTS:LIFZFGet Free Report) were down 1% during mid-day trading on Wednesday . The company traded as low as $22.1850 and last traded at $22.1850. Approximately 13,699 shares were traded during mid-day trading, an increase of 31% from the average daily volume of 10,466 shares. The stock had previously closed at $22.42.

Labrador Iron Ore Royalty Trading Down 1.0%

The company has a 50-day simple moving average of $21.44 and a two-hundred day simple moving average of $20.53.

Labrador Iron Ore Royalty Company Profile

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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.

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