Shares of Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.06 and traded as high as C$0.07. Oceanic Iron Ore shares last traded at C$0.06, with a volume of 152,500 shares traded.
Oceanic Iron Ore Trading Down 14.3 %
The business’s 50-day simple moving average is C$0.07 and its two-hundred day simple moving average is C$0.06. The firm has a market capitalization of C$6.48 million, a price-to-earnings ratio of -6.50 and a beta of 1.10. The company has a quick ratio of 0.43, a current ratio of 0.21 and a debt-to-equity ratio of 8.51.
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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