Oceanic Iron Ore (CVE:FEO) Stock Passes Above 200-Day Moving Average – Time to Sell?

Oceanic Iron Ore Corp. (CVE:FEO) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.73 and traded as high as C$0.95. Oceanic Iron Ore shares last traded at C$0.95, with a volume of 248,704 shares trading hands.

Oceanic Iron Ore Stock Performance

The company has a debt-to-equity ratio of 15.79, a quick ratio of 0.43 and a current ratio of 0.03. The company has a market cap of C$145.31 million, a PE ratio of -1.12 and a beta of 3.05. The business’s 50-day moving average is C$0.75 and its 200 day moving average is C$0.73.

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.