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

Key Points

• Labrador Iron Ore Royalty Co. (TSE:LIF) saw its stock price drop below its 200-day moving average of C$28.25, trading as low as C$28.12.
• The company announced a quarterly dividend of $0.40 per share, with a dividend yield of 5.6% and a current payout ratio of 127.12%.
• Labrador Iron Ore Royalty has a market capitalization of C$1.81 billion and a PE ratio of 16.00.

Labrador Iron Ore Royalty Co. (TSE:LIF - )'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$28.25 and traded as low as C$28.12. Labrador Iron Ore Royalty shares last traded at C$28.32, with a volume of 216,799 shares.

Labrador Iron Ore Royalty Stock Performance

The firm has a market cap of C$1.81 billion, a PE ratio of 16.00, a P/E/G ratio of 0.94 and a beta of 0.52. The firm's 50-day moving average price is C$27.21 and its two-hundred day moving average price is C$28.25.

Labrador Iron Ore Royalty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Monday, September 29th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.6%. Labrador Iron Ore Royalty's dividend payout ratio is presently 127.12%.

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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