New Millennium Iron (TSE:NML) Shares Cross Above Two Hundred Day Moving Average of $0.07

New Millennium Iron Corp (TSE:NML)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.07 and traded as high as $0.08. New Millennium Iron shares last traded at $0.08, with a volume of 24,900 shares.

The stock has a market cap of $14.48 million and a PE ratio of -3.81. The company’s 50 day moving average is C$0.06 and its 200-day moving average is C$0.07.

New Millennium Iron (TSE:NML) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C($0.03) earnings per share for the quarter. Analysts anticipate that New Millennium Iron Corp will post -0.03 earnings per share for the current fiscal year.

New Millennium Iron Company Profile (TSE:NML)

New Millennium Iron Corp. explores for, evaluates, and develops iron ore deposits in Canada. The company's principal property is the Millennium Iron Range project, which include interests in the KéMag and LabMag taconite properties located in the Labrador Trough covering the province of Newfoundland and Labrador, as well as in the Menihek Region around Schefferville, Québec.

Further Reading: Equal Weight Rating

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