Champion Iron (OTCMKTS:CHPRF) Shares Down 3.8% – What’s Next?

Champion Iron Limited (OTCMKTS:CHPRFGet Free Report)’s stock price dropped 3.8% during mid-day trading on Wednesday . The company traded as low as $3.50 and last traded at $3.50. Approximately 143,875 shares were traded during mid-day 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 Down 3.8%

The stock has a 50 day simple moving average of $3.56 and a 200-day simple moving average of $3.77.

About Champion Iron

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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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