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Labrador Iron Ore Royalty (TSE:LIF) Stock Crosses Below 200 Day Moving Average - Here's What Happened

Labrador Iron Ore Royalty logo with Basic Materials background

Labrador Iron Ore Royalty Co. (TSE:LIF - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$29.22 and traded as low as C$27.40. Labrador Iron Ore Royalty shares last traded at C$27.55, with a volume of 156,287 shares changing hands.

Labrador Iron Ore Royalty Trading Down 0.1%

The company's fifty day moving average is C$28.43 and its two-hundred day moving average is C$29.20. The stock has a market cap of C$1.77 billion, a price-to-earnings ratio of 9.03, a P/E/G ratio of 0.94 and a beta of 1.10.

Labrador Iron Ore Royalty Company Profile

(Get Free Report)

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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