Oceanic Iron Ore (CVE:FEO) Stock Passes Above 200 Day Moving Average of $0.12

Oceanic Iron Ore Corp. (CVE:FEO – Get Rating) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.12 and traded as high as C$0.12. Oceanic Iron Ore shares last traded at C$0.12, with a volume of 25,000 shares.

The company’s 50 day moving average price is C$0.13 and its 200 day moving average price is C$0.12. The company has a market cap of C$11.61 million and a price-to-earnings ratio of 6.00. The company has a debt-to-equity ratio of 7.77, a quick ratio of 0.16 and a current ratio of 0.17.

Oceanic Iron Ore Company Profile (CVE:FEO)

Oceanic Iron Ore Corp., an exploration stage company, acquires and explores for iron ore properties in Québec, Canada. It owns a 100% interest in the Ungava Bay iron property comprising three project areas, including Hopes Advance, Morgan Lake, and Roberts Lake, which covers approximately 35,999 hectares of iron formation located in Nunavik, Québec.

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