Labrador Iron Ore Royalty Co. (TSE:LIF – Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$30.39 and traded as high as C$30.46. Labrador Iron Ore Royalty shares last traded at C$30.11, with a volume of 541,320 shares traded.
Labrador Iron Ore Royalty Price Performance
The stock has a 50 day simple moving average of C$30.25 and a two-hundred day simple moving average of C$30.39. The company has a market cap of C$1.94 billion, a price-to-earnings ratio of 9.86, a price-to-earnings-growth ratio of 0.94 and a beta of 1.10.
About Labrador Iron Ore Royalty
Labrador Iron Ore Royalty Corporation is a Canadian corporation. The company generates all of its revenue from its equity investment in Iron Ore Company of Canada, (IOC) and its IOC royalty and commission interests. IOC operates a major iron mine near Labrador City, Newfoundland, and Labrador on lands leased from LIORC.
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