Champion Iron Ltd (TSE:CIA) shares traded up 5.8% during mid-day trading on Wednesday . The stock traded as high as C$1.84 and last traded at C$1.83. 291,309 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 824,095 shares. The stock had previously closed at C$1.73.
Separately, TD Securities raised their target price on shares of Champion Iron from C$1.95 to C$2.00 in a report on Friday, February 15th.
The firm has a market cap of $744.71 million and a price-to-earnings ratio of 14.38. The company has a debt-to-equity ratio of 153.85, a quick ratio of 1.76 and a current ratio of 2.19.
Champion Iron Limited explores, develops, and produces iron ore in Quebec, Canada. Its flagship projects include the Bloom Lake mine, which consists of BM877 mining lease and 114 mining claims located in Québec, Canada; and the Consolidated Fire Lake North project that includes the Fire Lake North, Don Lake, Bellechasse, and Oil Can deposits situated in northeastern Quebec.
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