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

Oceanic Iron Ore Corp. (CVE:FEO) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.64 and traded as high as C$0.70. Oceanic Iron Ore shares last traded at C$0.70, with a volume of 5,274 shares.

Oceanic Iron Ore Price Performance

The business has a 50-day simple moving average of C$0.75 and a 200 day simple moving average of C$0.64. The firm has a market cap of C$107.07 million, a P/E ratio of -0.82 and a beta of 3.27. The company has a debt-to-equity ratio of 15.79, a quick ratio of 0.43 and a current ratio of 0.03.

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.