Oceanic Iron Ore (CVE:FEO) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Oceanic Iron Ore Corp. (CVE:FEO) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.80 and traded as high as C$1.01. Oceanic Iron Ore shares last traded at C$1.01, with a volume of 220,879 shares.

Oceanic Iron Ore Stock Performance

The firm has a 50 day simple moving average of C$0.80 and a 200-day simple moving average of C$0.80. 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 company has a market cap of C$154.49 million, a price-to-earnings ratio of -1.19 and a beta of 3.05.

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. The company was formerly known as Pacific Harbour Capital Ltd. and changed its name to Oceanic Iron Ore Corp. in November 2010. Oceanic Iron Ore Corp.