Shares of Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.51 and traded as high as C$0.75. Oceanic Iron Ore shares last traded at C$0.70, with a volume of 16,300 shares changing hands.
Oceanic Iron Ore Stock Down 6.7%
The firm has a market cap of C$103.91 million, a PE ratio of -5.38 and a beta of 3.27. The company has a current ratio of 0.03, a quick ratio of 0.43 and a debt-to-equity ratio of 15.79. The firm has a 50 day moving average price of C$0.88 and a 200-day moving average price of C$0.51.
Oceanic Iron Ore Company Profile
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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