Shares of Champion Iron Limited (OTCMKTS:CIAFF – Get Free Report) dropped 11.9% on Tuesday . The company traded as low as $3.39 and last traded at $3.39. Approximately 45,199 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 71,920 shares. The stock had previously closed at $3.85.
Champion Iron Stock Down 11.9 %
The firm has a 50 day moving average price of $3.69 and a 200-day moving average price of $3.93.
About Champion Iron
Champion Iron Limited engages in the acquisition, exploration, development, and production of iron ore deposits in Canada. Its flagship projects include the Bloom Lake Mine located in south end of the Labrador; the Consolidated Fire Lake North project that includes the Fire Lake North, Don Lake, Bellechasse, and Oil Can deposits situated in Quebec; and the Kamistiatusset project located in the Labrador.
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