Insider Buying: Labrador Iron Ore Royalty (TSE:LIF) Insider Acquires C$59,420.00 in Stock

Labrador Iron Ore Royalty Co. (TSE:LIF) insider Stephen Douglas Pearce purchased 2,000 shares of the firm’s stock in a transaction on Thursday, November 27th. The stock was bought at an average price of C$29.71 per share, for a total transaction of C$59,420.00. Following the acquisition, the insider owned 2,000 shares in the company, valued at C$59,420. The trade was a ∞ increase in their ownership of the stock.

Labrador Iron Ore Royalty Stock Down 1.3%

Shares of LIF stock traded down C$0.39 on Friday, reaching C$30.22. 824,821 shares of the stock were exchanged, compared to its average volume of 226,619. The stock has a market cap of C$1.93 billion, a P/E ratio of 17.67, a price-to-earnings-growth ratio of 0.94 and a beta of 0.49. The firm has a 50 day moving average of C$29.22 and a two-hundred day moving average of C$28.29. Labrador Iron Ore Royalty Co. has a 1-year low of C$25.85 and a 1-year high of C$31.08.

Labrador Iron Ore Royalty (TSE:LIF) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$0.47 earnings per share (EPS) for the quarter. Labrador Iron Ore Royalty had a return on equity of 29.05% and a net margin of 94.67%.The firm had revenue of C$43.85 million during the quarter. On average, equities research analysts predict that Labrador Iron Ore Royalty Co. will post 3.7420091 EPS for the current fiscal year.

Labrador Iron Ore Royalty Company Profile

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. Directly and through its wholly-owned subsidiary, Hollinger-Hanna, LIORC owns an equity interest in IOC and receives gross overriding royalty on all iron ore products produced from the leased lands that are sold and shipped by IOC and commission on IOC’s sales of iron ore.