Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report)’s stock price shot up 25.4% on Thursday . The stock traded as high as C$0.79 and last traded at C$0.79. 151,214 shares changed hands 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 Trading Up 25.4%
The company has a quick ratio of 0.43, a current ratio of 0.03 and a debt-to-equity ratio of 15.79. The business has a 50-day moving average price of C$0.88 and a 200-day moving average price of C$0.48. The firm has a market capitalization of C$117.27 million, a P/E ratio of -6.08 and a beta of 3.27.
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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