Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report) shares were up 25.4% on Thursday . The company traded as high as C$0.79 and last traded at C$0.79. Approximately 151,214 shares traded hands during trading, a decline of 15% from the average daily volume of 177,289 shares. The stock had previously closed at C$0.63.
Oceanic Iron Ore Price Performance
The stock’s 50 day simple moving average is C$0.88 and its 200 day simple moving average is C$0.49. 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 firm has a market capitalization of C$114.30 million, a P/E ratio of -5.92 and a beta of 3.27.
Oceanic Iron Ore Company Profile
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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