Labrador Iron Ore Royalty (LIFZF) Projected to Announce Earnings on Wednesday

Labrador Iron Ore Royalty (OTCMKTS:LIFZF) is anticipated to issue its resultson Wednesday, August 5th. Analysts expect the company to announce earnings of $0.2191 per share and revenue of $29.1460 million for the quarter.

Labrador Iron Ore Royalty Stock Up 0.4%

Shares of OTCMKTS:LIFZF traded up $0.08 during mid-day trading on Wednesday, hitting $18.44. 1,221 shares of the company traded hands, compared to its average volume of 24,393. Labrador Iron Ore Royalty has a 12-month low of $18.02 and a 12-month high of $23.29. The stock has a 50-day moving average price of $19.69 and a two-hundred day moving average price of $20.90.

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.