Labrador Iron Ore Royalty Co. (OTCMKTS:LIFZF – Get Free Report)’s share price shot up 0.8% on Monday . The company traded as high as $20.16 and last traded at $19.79. 15,654 shares traded hands during mid-day trading, a decline of 1% from the average session volume of 15,756 shares. The stock had previously closed at $19.6260.
Labrador Iron Ore Royalty Stock Up 0.8%
The business’s fifty day moving average price is $20.78 and its two-hundred day moving average price is $21.50.
Labrador Iron Ore Royalty Company Profile
Labrador Iron Ore Royalty Limited (OTCMKTS:LIFZF) is a Canadian mineral royalty company headquartered in St. John’s, Newfoundland and Labrador. Established in 1965 under a strategic agreement with the Iron Ore Company of Canada (IOC), the company holds a 7.7% gross royalty on iron ore concentrate production from IOC’s operations in the Labrador Trough. This long-term royalty interest provides a steady, passive revenue stream tied to iron ore prices and production levels at one of North America’s largest iron ore facilities.
In addition to its core royalty business, Labrador Iron Ore Royalty maintains an exploration portfolio of iron ore properties within the Labrador Trough.
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