Shares of Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report) shot up 25.4% on Wednesday . The stock traded as high as C$0.79 and last traded at C$0.79. 151,214 shares were traded during mid-day trading, a decline of 15% from the average session volume of 177,120 shares. The stock had previously closed at C$0.63.
Oceanic Iron Ore Stock Up 25.4%
The company has a quick ratio of 0.43, a current ratio of 0.03 and a debt-to-equity ratio of 15.79. The company has a 50-day simple moving average of C$0.88 and a two-hundred day simple moving average of C$0.48. The stock has a market cap of C$117.27 million, a P/E ratio of -6.08 and a beta of 3.27.
About Oceanic Iron Ore
Oceanic Iron Ore Corp., an exploration stage company, acquires and explores for iron ore properties in Quebec, Canada. It holds a 100% interest in the Ungava Bay iron property comprising three project areas, including Hopes Advance, Morgan Lake, and Roberts Lake, which covers an area of approximately 35,999 hectares of iron formation located in Nunavik, Quebec.
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