Oceanic Iron Ore (CVE:FEO) Trading 33.3% Higher

Oceanic Iron Ore Corp. (CVE:FEO)’s stock price traded up 33.3% during mid-day trading on Wednesday . The stock traded as high as C$0.16 and last traded at C$0.16. 165,000 shares changed hands during trading, an increase of 44% from the average session volume of 114,459 shares. The stock had previously closed at C$0.12.

Oceanic Iron Ore Trading Up 21.4 %

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 firm has a market cap of C$18.61 million, a PE ratio of -8.50 and a beta of 0.90. The business has a fifty day moving average price of C$0.09 and a 200 day moving average price of C$0.08.

Oceanic Iron Ore (CVE:FEO) last released its quarterly earnings data on Thursday, August 22nd. The company reported C($0.02) earnings per share for the quarter. Analysts forecast that Oceanic Iron Ore Corp. will post -0.06 EPS for the current 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.