Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.17 and traded as high as C$0.18. Oceanic Iron Ore shares last traded at C$0.17, with a volume of 19,500 shares changing hands.
Oceanic Iron Ore Price Performance
The company has a market cap of C$18.71 million, a P/E ratio of -8.50 and a beta of 0.99. The company has a fifty day simple moving average of C$0.20 and a 200-day simple moving average of C$0.17. The company has a debt-to-equity ratio of 15.79, a current ratio of 0.03 and a quick ratio of 0.43.
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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