Shares of Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report) shot up 25.4% on Thursday . The company traded as high as C$0.79 and last traded at C$0.79. 151,214 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 177,289 shares. The stock had previously closed at C$0.63.
Oceanic Iron Ore Price Performance
The stock has a market cap of C$114.30 million, a price-to-earnings ratio of -5.92 and a beta of 3.27. The company has a debt-to-equity ratio of 15.79, a quick ratio of 0.43 and a current ratio of 0.03. The company has a 50-day simple moving average of C$0.88 and a two-hundred day simple moving average of C$0.49.
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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