Champion Iron (TSE:CIA) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Champion Iron Limited (TSE:CIA)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$5.65 and traded as low as C$5.27. Champion Iron shares last traded at C$5.30, with a volume of 205,011 shares trading hands.

Analyst Ratings Changes

CIA has been the subject of several research reports. TD Securities dropped their price target on Champion Iron from C$8.00 to C$7.00 and set a “buy” rating for the company in a report on Friday, November 1st. Desjardins upgraded Champion Iron to a “moderate buy” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Champion Iron has an average rating of “Moderate Buy” and a consensus target price of C$8.10.

Champion Iron Stock Up 0.2 %

The company has a market cap of C$2.75 billion, a P/E ratio of 9.30, a PEG ratio of -1.35 and a beta of 1.39. The stock has a 50-day moving average of C$5.53 and a 200 day moving average of C$5.64. The company has a debt-to-equity ratio of 42.65, a current ratio of 2.42 and a quick ratio of 2.01.

Champion Iron Company Profile

Champion Iron Limited engages in the acquisition, exploration, development, and production of iron ore deposits in Canada. Its flagship projects include the Bloom Lake Mine located in south end of the Labrador; the Consolidated Fire Lake North project that includes the Fire Lake North, Don Lake, Bellechasse, and Oil Can deposits situated in Quebec; and the Kamistiatusset project located in the Labrador.