Alderon Iron Ore (OTCMKTS:AXXDF) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Alderon Iron Ore Corp. (OTCMKTS:AXXDF) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.00 and traded as high as $0.00. Alderon Iron Ore shares last traded at $0.00, with a volume of 0 shares.

Alderon Iron Ore Stock Down 100.0%

About Alderon Iron Ore

Alderon Iron Ore Corp., trading under OTCMKTS:AXXDF, is a Canadian mineral development company focused on advancing its 100% owned Kami Iron Ore Project in the Labrador Trough region of Newfoundland and Labrador. The company’s primary business activity centers on the exploration, development and eventual production of high-grade magnetite concentrate suitable for steelmaking pellet feed. Kami benefits from close proximity to existing rail networks and tidewater shipping facilities, positioning the project for cost-effective access to international markets.

Since its incorporation in 2010, Alderon has completed multiple phases of drilling and metallurgical testing to define and optimize its resource base.