Labrador Iron Mines Holdings Limited (OTCMKTS:LBRMF) Sees Significant Growth in Short Interest

Labrador Iron Mines Holdings Limited (OTCMKTS:LBRMF) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,000 shares, an increase of 25.0% from the March 15th total of 800 shares. Based on an average trading volume of 43,500 shares, the short-interest ratio is currently 0.0 days.

Labrador Iron Mines Price Performance

Shares of LBRMF remained flat at $0.04 during midday trading on Monday. 4,200 shares of the stock were exchanged, compared to its average volume of 22,351. The company’s 50 day simple moving average is $0.05 and its 200 day simple moving average is $0.06. Labrador Iron Mines has a 52 week low of $0.02 and a 52 week high of $0.10.

About Labrador Iron Mines

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.