Labrador Iron Mines (OTCMKTS:LBRMF) Stock Price Up 200% – Still a Buy?

Labrador Iron Mines Holdings Limited (OTCMKTS:LBRMFGet Free Report) traded up 200% on Tuesday . The stock traded as high as $0.12 and last traded at $0.12. 100 shares were traded during mid-day trading, a decline of 99% from the average session volume of 15,669 shares. The stock had previously closed at $0.04.

Labrador Iron Mines Stock Performance

The business has a 50 day moving average of $0.05 and a 200-day moving average of $0.06.

Labrador Iron Mines Company Profile

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Labrador Iron Mines Holdings Limited, a mineral resource company, engages in the exploration, development, and mining of iron ore projects in Canada. Its flagship project is the Houston project, which is an open pit direct shipping iron ore project located near the town of Schefferville. The company was incorporated in 2007 and is headquartered in Toronto, Canada.

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