Champion Iron Limited (OTCMKTS:CHPRF – Get Free Report) shares were down 3.8% during mid-day trading on Wednesday . The stock traded as low as $3.50 and last traded at $3.50. Approximately 143,875 shares traded hands during trading, an increase of 355% from the average daily volume of 31,596 shares. The stock had previously closed at $3.64.
Champion Iron Stock Performance
The firm has a 50 day moving average of $3.56 and a 200-day moving average of $3.77.
About Champion Iron
Champion Iron is a Canada-based mining company primarily engaged in the production and sale of high-grade iron ore concentrate. The company operates the Bloom Lake mine, located near Fermont in Québec’s Labrador Trough, which includes an open-pit mine and a concentrator with an annual design capacity of approximately 15 million tonnes. Champion Iron’s operations extend from ore extraction and on-site processing to the logistics chain that delivers concentrate to port facilities.
The core product of Champion Iron is a premium 66% iron content hematite concentrate, which is marketed to steelmakers around the world.
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