Labrador Iron Ore Royalty Co. (OTCMKTS:LIFZF) Short Interest Down 40.9% in April

Labrador Iron Ore Royalty Co. (OTCMKTS:LIFZF) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 649,726 shares, a drop of 40.9% from the April 15th total of 1,098,675 shares. Based on an average daily volume of 28,248 shares, the short-interest ratio is presently 23.0 days.

Labrador Iron Ore Royalty Trading Down 1.7%

Shares of LIFZF traded down $0.35 during mid-day trading on Tuesday, reaching $20.05. 568 shares of the company’s stock traded hands, compared to its average volume of 15,754. The stock’s 50-day moving average is $20.93 and its two-hundred day moving average is $21.52. Labrador Iron Ore Royalty has a 12 month low of $18.90 and a 12 month high of $23.29.

Labrador Iron Ore Royalty Company Profile

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.