Labrador Iron Ore Royalty (TSE:LIF) Reaches New 1-Year Low – Should You Sell?

Labrador Iron Ore Royalty Co. (TSE:LIF – Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as C$21.34 and last traded at C$21.38, with a volume of 56,704 shares changing hands. The stock had previously closed at C$22.42.

Labrador Iron Ore Royalty Price Performance

The company has a fifty day moving average price of C$25.66 and a 200 day moving average price of C$27.21. The company has a market cap of C$1.33 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 0.94 and a beta of 0.54.

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

About Labrador Iron Ore Royalty

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The Corporation holds a 15.

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