Labrador Iron Mines Holdings Limited (OTCMKTS:LBRMF) Sees Significant Growth in Short Interest

Labrador Iron Mines Holdings Limited (OTCMKTS:LBRMF) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 2,882 shares, a growth of 261.6% from the January 15th total of 797 shares. Based on an average daily volume of 54,723 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 54,723 shares, the short-interest ratio is presently 0.1 days.

Labrador Iron Mines Trading Down 84.0%

LBRMF traded down $0.04 on Thursday, hitting $0.01. 6,700 shares of the company were exchanged, compared to its average volume of 18,118. The business’s fifty day moving average is $0.01 and its 200 day moving average is $0.02. Labrador Iron Mines has a fifty-two week low of $0.00 and a fifty-two week high of $0.10.

About Labrador Iron Mines

Labrador Iron Mines (OTCMKTS:LBRMF) is a Canadian exploration and development company engaged in the production of direct-shipping iron ore within the Labrador Trough region of northeastern Canada. The company focuses on advancing multiple iron ore deposits located near Schefferville, straddling the border of Labrador and Quebec. Its core activities encompass resource delineation, mine development, ore processing, and shipment logistics tailored to feed steelmaking mills worldwide.

The company’s flagship assets include the James, Redmond, Houston, HBJ, and Carol deposits, which historically delivered high-quality hematite suitable for direct shipment without extensive beneficiation.