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New Millennium Iron Corp (TSE:NML) was downgraded by research analysts at Paradigm Capital from a “buy” rating to a “speculative buy” rating in a report released on Wednesday, Analyst Ratings Network.com reports.

New Millennium Iron Corp (TSE:NML) remained flat at $0.54 during trading on Wednesday. The stock had a trading volume of 18,500 shares. New Millennium Iron Corp has a one year low of $0.50 and a one year high of $1.24. The stock has a 50-day moving average of $0.61 and a 200-day moving average of $0.67.

Separately, analysts at TD Securities cut their price target on shares of New Millennium Iron Corp from C$1.40 to C$1.30 in a research note on Monday, January 20th. They now have a “hold” rating on the stock.

New Millennium Iron Corp. is engaged in the exploration and evaluation of mineral properties. The Company properties include LabMag property, KeMag property and other properties.

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