Labrador Iron Ore Royalty (TSE:LIF) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Labrador Iron Ore Royalty Co. (TSE:LIF) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$30.36 and traded as high as C$30.95. Labrador Iron Ore Royalty shares last traded at C$30.84, with a volume of 108,001 shares traded.

Analyst Ratings Changes

Separately, Scotiabank decreased their price target on shares of Labrador Iron Ore Royalty from C$32.00 to C$31.00 in a research report on Wednesday, November 6th.

Labrador Iron Ore Royalty Stock Performance

The company has a market capitalization of C$1.98 billion, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of 0.94 and a beta of 1.10. The firm’s 50-day simple moving average is C$30.11 and its 200-day simple moving average is C$30.36.

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.