Oceanic Iron Ore (CVE:FEO) Share Price Crosses Above 200-Day Moving Average of $0.08

Oceanic Iron Ore Corp. (CVE:FEO) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.08 and traded as high as C$0.09. Oceanic Iron Ore shares last traded at C$0.09, with a volume of 16,000 shares trading hands.

Oceanic Iron Ore Stock Up 17.6 %

The company has a debt-to-equity ratio of 15.79, a current ratio of 0.03 and a quick ratio of 0.43. The stock has a market capitalization of C$10.95 million, a PE ratio of -5.00 and a beta of 0.90. The company has a 50 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 announced its quarterly earnings data on Thursday, August 22nd. The company reported C($0.02) EPS for the quarter. As a group, analysts forecast that Oceanic Iron Ore Corp. will post -0.06 earnings per share 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.