Oceanic Iron Ore (CVE:FEO) Stock Price Up 25.4% – Time to Buy?

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

The stock’s fifty day moving average is C$0.88 and its two-hundred day moving average is C$0.49. 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 company has a market capitalization of C$114.30 million, a PE ratio of -5.92 and a beta of 3.27.

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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