Labrador Iron Ore Royalty Co. (OTCMKTS:LIFZF – Get Free Report)’s stock price shot up 0% during mid-day trading on Tuesday . The company traded as high as $19.15 and last traded at $19.00. Approximately 75,889 shares changed hands during trading, an increase of 191% from the average session volume of 26,050 shares. The stock had previously closed at $18.9943.
Labrador Iron Ore Royalty Stock Down 2.2%
The business has a 50 day moving average price of $19.09 and a 200 day moving average price of $20.25.
About Labrador Iron Ore Royalty
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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