Champion Iron (OTCMKTS:CIAFF) Trading Down 3.4% – What’s Next?

Champion Iron Limited (OTCMKTS:CIAFF)’s stock price traded down 3.4% during trading on Thursday . The company traded as low as $3.94 and last traded at $3.96. 380 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 73,247 shares. The stock had previously closed at $4.10.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CIAFF shares. Desjardins reaffirmed a “buy” rating on shares of Champion Iron in a report on Monday, January 5th. Scotiabank reaffirmed an “outperform” rating on shares of Champion Iron in a research note on Friday, October 31st. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Champion Iron Trading Down 3.4%

The company’s fifty day moving average is $4.13 and its 200 day moving average is $3.49.

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.