Labrador Iron Ore Royalty (OTCMKTS:LIFZF – Get Free Report) is expected to be posting its results before the market opens on Friday, March 6th. Analysts expect Labrador Iron Ore Royalty to post earnings of $0.5020 per share for the quarter.
Labrador Iron Ore Royalty Stock Performance
OTCMKTS:LIFZF opened at $23.29 on Wednesday. The firm’s 50 day simple moving average is $22.30 and its 200 day simple moving average is $21.15. Labrador Iron Ore Royalty has a one year low of $17.05 and a one year high of $23.29.
About Labrador Iron Ore Royalty
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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