Labrador Iron Ore Royalty (OTCMKTS:LIFZF – Get Free Report) is anticipated to issue its results after the market closes on Wednesday, November 4th. Analysts expect the company to post earnings of $0.1475 per share and revenue of $24.86 million for the quarter.
Labrador Iron Ore Royalty Stock Up 2.2%
Shares of LIFZF stock opened at $14.88 on Wednesday. Labrador Iron Ore Royalty has a fifty-two week low of $14.43 and a fifty-two week high of $23.29. The firm’s 50 day moving average price is $17.39 and its two-hundred day moving average price is $19.90.
About Labrador Iron Ore Royalty
Labrador Iron Ore Royalty Corporation is a Canadian resource company that derives substantially all of its revenue from its interests in Iron Ore Company of Canada (IOC), a major iron ore producer. Rather than operating mines directly, Labrador Iron Ore Royalty provides investors with exposure to IOC’s iron ore operations through royalty, commission and equity interests.
The company holds an equity interest in IOC and is entitled to a gross overriding royalty on IOC’s iron ore sales, along with a commission on the sale of IOC’s iron ore products.
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