Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report)’s share price was up 25.4% during trading 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 company has a debt-to-equity ratio of 15.79, a current ratio of 0.03 and a quick ratio of 0.43. The stock has a market cap of C$117.27 million, a price-to-earnings ratio of -6.08 and a beta of 3.27. The stock has a fifty day moving average of C$0.88 and a 200 day moving average of C$0.48.
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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