Shares of Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report) traded up 25.4% on Thursday . The company traded as high as C$0.79 and last traded at C$0.79. 151,214 shares traded 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 Price Performance
The firm has a market cap of C$117.27 million, a P/E ratio of -6.08 and a beta of 3.27. 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 business has a 50-day moving average of C$0.88 and a two-hundred day moving average of C$0.48.
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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