Oceanic Iron Ore (CVE:FEO) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Oceanic Iron Ore Corp. (CVE:FEO)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.84 and traded as high as C$0.86. Oceanic Iron Ore shares last traded at C$0.80, with a volume of 32,990 shares trading hands.

Oceanic Iron Ore Stock Performance

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 company has a market cap of C$177.90 million, a price-to-earnings ratio of -0.95 and a beta of 2.91. The stock has a 50 day moving average price of C$0.88 and a two-hundred day moving average price of C$0.84.

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. The company was formerly known as Pacific Harbour Capital Ltd. and changed its name to Oceanic Iron Ore Corp. in November 2010. Oceanic Iron Ore Corp.