Shares of Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.44 and traded as high as C$0.90. Oceanic Iron Ore shares last traded at C$0.87, with a volume of 212,561 shares traded.
Oceanic Iron Ore Stock Performance
The firm has a market capitalization of C$129.14 million, a PE ratio of -6.69 and a beta of 2.94. 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 business’s 50 day simple moving average is C$0.84 and its two-hundred day simple moving average is C$0.44.
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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