Sure, Fortescue Metals Group Ltd (ASX: FMG) and BHP Group Ltd (ASX: BHP) are leveraging sky-high iron ore prices and making a lot of money. But Champion Iron Ltd (ASX: CIA) just delivered an extraordinary jump in profits after announcing its FY21 results.
The market was quick to pick up on its success, with the Champion Iron share price jumping 7.4% to an intraday high of $7.06. Its shares have since pulled back, currently trading 4.26% higher at $6.86.
Champion Iron is an iron ore exploration and development company with a number of projects in Canada’s Québec region.
