Oceanic Iron Ore (CVE:FEO) Given a C$2.00 Price Target at Haywood Securities

Haywood Securities set a C$2.00 target price on Oceanic Iron Ore (CVE:FEO) in a research report report published on Tuesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Oceanic Iron Ore Price Performance

FEO stock opened at C$0.84 on Tuesday. The business has a 50 day moving average price of C$0.89 and a 200 day moving average price of C$0.83. The stock has a market cap of C$184.49 million, a price-to-earnings ratio of -0.99 and a beta of 2.96. Oceanic Iron Ore has a fifty-two week low of C$0.16 and a fifty-two week high of C$1.15. The company has a quick ratio of 0.43, a current ratio of 0.03 and a debt-to-equity ratio of 15.79.

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. 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.