Champion Iron (OTCMKTS:CIAFF) Stock Price Down 3.4% – What’s Next?

Champion Iron Limited (OTCMKTS:CIAFF)’s stock price traded down 3.4% during trading on Thursday . The company traded as low as $3.94 and last traded at $3.96. 380 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 73,247 shares. The stock had previously closed at $4.10.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Scotiabank restated an “outperform” rating on shares of Champion Iron in a research report on Friday, October 31st. Desjardins reiterated a “buy” rating on shares of Champion Iron in a research note on Monday, January 5th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Champion Iron currently has a consensus rating of “Buy”.

Champion Iron Trading Down 4.8%

The firm’s fifty day moving average is $4.12 and its 200-day moving average is $3.50.

Champion Iron Company Profile

Champion Iron (OTCMKTS:CIAFF) is a Canadian mining company focused on the production and sale of high-grade iron ore concentrate. The company’s core asset is the Bloom Lake Mine, located in the Labrador Trough region of Quebec. Champion Iron operates an integrated mine, processing plant and rail infrastructure to produce a premium magnetite concentrate that serves as a key raw material for steelmakers worldwide.

Since acquiring the Bloom Lake Mine in 2017, Champion Iron has invested in optimizing its processing facilities and expanding its pellet feed production capacity.