Labrador Iron Ore Royalty (TSE:LIF) Reaches New 52-Week Low – Should You Sell?

Labrador Iron Ore Royalty Co. (TSE:LIF – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Friday. The stock traded as low as C$20.63 and last traded at C$20.74, with a volume of 26,732 shares changing hands. The stock had previously closed at C$20.89.

Labrador Iron Ore Royalty Trading Down 1.2%

The business has a 50-day moving average price of C$24.73 and a 200-day moving average price of C$26.77. The firm has a market cap of C$1.32 billion, a P/E ratio of 17.20, a P/E/G ratio of 0.94 and a beta of 0.54.

Labrador Iron Ore Royalty (TSE:LIF – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported C$0.17 earnings per share for the quarter. The company had revenue of C$33.97 million during the quarter. Labrador Iron Ore Royalty had a net margin of 50.38% and a return on equity of 12.04%. On average, equities analysts anticipate that Labrador Iron Ore Royalty Co. will post 3.74 earnings per share for the current fiscal year.

About Labrador Iron Ore Royalty

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The Corporation holds a 15.

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