A junior iron ore exploration company that operates in the Labrador trough in Northeast Québec/Western Labrador. Canadian National (CNR-T) announced they were not going to go ahead with the expansion of a rail line. Companies like this were dependent on that rail line to get their material out. Alternatives now include having to cut a deal with existing rail lines. Properties are fine, but with a lack of infrastructure and weakness in iron ore prices the stock was clobbered, it’s a Hold at best.
A junior iron ore exploration company that operates in the Labrador trough in Northeast Québec/Western Labrador. Canadian National (CNR-T) announced they were not going to go ahead with the expansion of a rail line. Companies like this were dependent on that rail line to get their material out. Alternatives now include having to cut a deal with existing rail lines. Properties are fine, but with a lack of infrastructure and weakness in iron ore prices the stock was clobbered, it’s a Hold at best.
He would call this a Hold given the activity in the Québec Labrador trough. Have 2 excellent properties with a billion punt potential of iron ore in that trough. The problem is there is an excess supply of iron ore in the market.
Champion Iron Limited is a Canadian stock, trading under the symbol CIA-T on the Toronto Stock Exchange (CIA-CT). It is usually referred to as TSX:CIA or CIA-T
In the last year, there was no coverage of Champion Iron Limited published on Stockchase.
Champion Iron Limited was recommended as a Top Pick by Peter Imhof on 2019-11-25. Read the latest stock experts ratings for Champion Iron Limited.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
0 stock analysts on Stockchase covered Champion Iron Limited In the last year. It is a trending stock that is worth watching.
On 2021-01-15, Champion Iron Limited (CIA-T) stock closed at a price of $5.16.