Business
Why the Champion Iron (ASX:CIA) share price is soaring 5% today
The Champion Iron Ltd (ASX: CIA) share price is racing higher in late-afternoon trade. This comes after the company announced the completed acquisition of the Kamistiatusset iron ore project (Kami Project). At the time of writing, the iron ore miner’s shares are swapping hands for $5.98, up 6.03%.
What’s driving the Champion Iron share price higher?
Investors are picking up Champion Iron shares in anticipation of the company’s exciting future prospects.
According to its release, Champion Iron advised it has formally finalised the acquisition of the Kami Project.
The sale involves a cash consideration of $15 million from Champion Iron to…
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