Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report)’s share price was up 20% during trading on Wednesday . The company traded as high as C$0.12 and last traded at C$0.12. Approximately 226,000 shares changed hands during trading, an increase of 100% from the average daily volume of 112,857 shares. The stock had previously closed at C$0.10.
Oceanic Iron Ore Price Performance
The business has a fifty day simple moving average of C$0.09 and a 200 day simple moving average of C$0.08. The firm has a market cap of C$13.14 million, a price-to-earnings ratio of -6.00 and a beta of 0.90. The company has a debt-to-equity ratio of 15.79, a current ratio of 0.03 and a quick ratio of 0.43.
Oceanic Iron Ore (CVE:FEO – Get Free Report) last announced its earnings results on Thursday, August 22nd. The company reported C($0.02) EPS for the quarter. As a group, equities analysts forecast that Oceanic Iron Ore Corp. will post -0.06 EPS for the current fiscal year.
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.
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