Oceanic Iron Ore (CVE:FEO) Trading Up 25.4% – Here’s What Happened

Oceanic Iron Ore Corp. (CVE:FEOGet Free Report) shares traded up 25.4% on Thursday . The company traded as high as C$0.79 and last traded at C$0.79. 151,214 shares were traded during 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 company has a debt-to-equity ratio of 15.79, a quick ratio of 0.43 and a current ratio of 0.03. The stock has a market capitalization of C$114.30 million, a price-to-earnings ratio of -5.92 and a beta of 3.27. The company has a 50-day moving average of C$0.88 and a 200-day moving average of C$0.49.

Oceanic Iron Ore Company Profile

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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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