Oceanic Iron Ore (CVE:FEO) Shares Cross Above 200-Day Moving Average – What’s Next?

Oceanic Iron Ore Corp. (CVE:FEO) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.59 and traded as high as C$0.79. Oceanic Iron Ore shares last traded at C$0.79, with a volume of 10,146 shares trading hands.

Oceanic Iron Ore Stock Performance

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 stock has a market capitalization of C$120.84 million, a price-to-earnings ratio of -0.93 and a beta of 3.27. The firm’s fifty day moving average price is C$0.85 and its 200 day moving average price is C$0.59.

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.