Labrador Iron Ore Royalty (OTCMKTS:LIFZF – Get Free Report) is expected to be announcing its results after the market closes on Wednesday, November 4th. Analysts expect the company to announce earnings of $0.1475 per share and revenue of $24.86 million for the quarter.
Labrador Iron Ore Royalty Trading Up 2.2%
Shares of LIFZF stock opened at $14.88 on Wednesday. The firm’s 50-day simple moving average is $17.39 and its 200-day simple moving average is $19.90. Labrador Iron Ore Royalty has a 1-year low of $14.43 and a 1-year high of $23.29.
Labrador Iron Ore Royalty Company Profile
Labrador Iron Ore Royalty Corporation is a Canadian resource company that derives substantially all of its revenue from its interests in Iron Ore Company of Canada (IOC), a major iron ore producer. Rather than operating mines directly, Labrador Iron Ore Royalty provides investors with exposure to IOC’s iron ore operations through royalty, commission and equity interests.
The company holds an equity interest in IOC and is entitled to a gross overriding royalty on IOC’s iron ore sales, along with a commission on the sale of IOC’s iron ore products.
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