Shares of Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report) shot up 33.3% on Wednesday . The company traded as high as C$0.16 and last traded at C$0.16. 165,000 shares traded 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 Stock Up 33.3 %
The firm has a 50 day moving average price of C$0.09 and a 200-day moving average price of C$0.08. 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 firm has a market cap of C$17.52 million, a price-to-earnings ratio of -8.00 and a beta of 0.90.
Oceanic Iron Ore (CVE:FEO – Get Free Report) last issued its earnings results on Thursday, August 22nd. The company reported C($0.02) earnings per share (EPS) for the quarter. As a group, equities analysts predict 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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