Shares of Noranda Income Fund (TSE NIF) opened at C$1.33 on Wednesday. The company has a market capitalization of $49.86, a P/E ratio of -1.64 and a beta of 0.42. Noranda Income Fund has a one year low of C$1.15 and a one year high of C$1.78.
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Noranda Income Fund Company Profile
Noranda Income Fund (the Fund) is a Canada-based open-ended trust. The Fund’s primary objective is to provide stable, monthly distributions. The Fund owns an electrolytic zinc processing facility and its ancillary assets (the Processing Facility) located in Salaberry-de-Valleyfield, Quebec. The Processing Facility produces refined zinc metal and various by-products from zinc concentrate purchased from mining operations, and sells refined zinc products to customers in the open market.
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