Champion Iron Limited (OTCMKTS:CIAFF – Get Free Report) rose 4.6% on Friday . The company traded as high as $4.07 and last traded at $4.07. Approximately 9,950 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 44,803 shares. The stock had previously closed at $3.8925.
Analyst Upgrades and Downgrades
Separately, Scotiabank reaffirmed an “outperform” rating on shares of Champion Iron in a report on Friday, October 31st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy”.
Check Out Our Latest Stock Report on Champion Iron
Champion Iron Stock Performance
About Champion Iron
Champion Iron (OTCMKTS:CIAFF) is a Canadian mining company focused on the production and sale of high-grade iron ore concentrate. The company’s core asset is the Bloom Lake Mine, located in the Labrador Trough region of Quebec. Champion Iron operates an integrated mine, processing plant and rail infrastructure to produce a premium magnetite concentrate that serves as a key raw material for steelmakers worldwide.
Since acquiring the Bloom Lake Mine in 2017, Champion Iron has invested in optimizing its processing facilities and expanding its pellet feed production capacity.
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