Labrador Iron Mines Holdings Limited (OTCMKTS:LBRMF) Short Interest Down 72.3% in February

Labrador Iron Mines Holdings Limited (OTCMKTS:LBRMF) saw a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 797 shares, a drop of 72.3% from the January 29th total of 2,882 shares. Based on an average daily trading volume, of 4,262 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 4,262 shares, the short-interest ratio is currently 0.2 days.

Labrador Iron Mines Price Performance

OTCMKTS LBRMF traded up $0.05 during trading on Thursday, reaching $0.05. The company’s stock had a trading volume of 3,100 shares, compared to its average volume of 14,777. The firm has a fifty day moving average of $0.01 and a 200 day moving average of $0.02. Labrador Iron Mines has a one year low of $0.00 and a one year high of $0.10.

About Labrador Iron Mines

Labrador Iron Mines (OTCMKTS:LBRMF) is a Canadian exploration and development company engaged in the production of direct-shipping iron ore within the Labrador Trough region of northeastern Canada. The company focuses on advancing multiple iron ore deposits located near Schefferville, straddling the border of Labrador and Quebec. Its core activities encompass resource delineation, mine development, ore processing, and shipment logistics tailored to feed steelmaking mills worldwide.

The company’s flagship assets include the James, Redmond, Houston, HBJ, and Carol deposits, which historically delivered high-quality hematite suitable for direct shipment without extensive beneficiation.