Oceanic Iron Ore (CVE:FEO) Trading 25.4% Higher – Here’s Why

Oceanic Iron Ore Corp. (CVE:FEOGet Free Report)’s share price traded up 25.4% during trading on Thursday . The company traded as high as C$0.79 and last traded at C$0.79. 151,214 shares changed hands during mid-day 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 Stock Down 1.3%

The stock has a market cap of C$114.30 million, a price-to-earnings ratio of -5.92 and a beta of 3.27. The stock has a 50 day simple moving average of C$0.88 and a 200 day simple moving average of C$0.49. The company has a quick ratio of 0.43, a current ratio of 0.03 and a debt-to-equity ratio of 15.79.

Oceanic Iron Ore Company Profile

(Get Free Report)

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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