Key Points
- Insider Stephen Douglas Pearce bought 2,000 shares on Nov. 27 at C$29.71 each (C$59,420 total) and now directly owns 2,000 shares, representing an effective ∞ increase from prior ownership.
- The company reported quarterly EPS of C$0.47 on C$43.85 million revenue, with an exceptionally high net margin of 94.67% and a return on equity of 29.05%.
- Labrador Iron Ore Royalty derives all revenue from its equity, royalty and commission interests in the Iron Ore Company of Canada; it has a market cap of C$1.93 billion, a P/E of 17.67 and a PEG of 0.94.
Labrador Iron Ore Royalty Co. (TSE:LIF - Get Free Report) insider Stephen Douglas Pearce acquired 2,000 shares of the stock in a transaction dated Thursday, November 27th. The stock was acquired at an average price of C$29.71 per share, for a total transaction of C$59,420.00. Following the purchase, the insider directly owned 2,000 shares in the company, valued at approximately C$59,420. This trade represents a ∞ increase in their ownership of the stock.
Labrador Iron Ore Royalty Trading Down 1.3%
LIF opened at C$30.22 on Friday. The company's 50 day moving average is C$29.22 and its 200 day moving average is C$28.29. The company has a market cap of C$1.93 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 0.94 and a beta of 0.49. Labrador Iron Ore Royalty Co. has a 12-month low of C$25.85 and a 12-month high of C$31.08.
Labrador Iron Ore Royalty (TSE:LIF - Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The company reported C$0.47 earnings per share for the quarter. The business had revenue of C$43.85 million for the quarter. Labrador Iron Ore Royalty had a net margin of 94.67% and a return on equity of 29.05%. As a group, analysts predict that Labrador Iron Ore Royalty Co. will post 3.7420091 EPS for the current fiscal year.
About Labrador Iron Ore Royalty
(
Get Free Report)
Labrador Iron Ore Royalty Corporation is a Canadian corporation. The company generates all of its revenue from its equity investment in Iron Ore Company of Canada, (IOC) and its IOC royalty and commission interests. IOC operates a major iron mine near Labrador City, Newfoundland, and Labrador on lands leased from LIORC. Directly and through its wholly-owned subsidiary, Hollinger-Hanna, LIORC owns an equity interest in IOC and receives gross overriding royalty on all iron ore products produced from the leased lands that are sold and shipped by IOC and commission on IOC's sales of iron ore.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
