Shares of Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report) were up 20% on Monday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 1,308,000 shares traded hands during trading, an increase of 1,243% from the average daily volume of 97,359 shares. The stock had previously closed at C$0.05.
Oceanic Iron Ore Trading Up 30.0 %
The company’s 50 day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.06. The company has a debt-to-equity ratio of 8.51, a current ratio of 0.21 and a quick ratio of 0.43. The company has a market cap of C$7.02 million, a PE ratio of -6.50 and a beta of 1.10.
About Oceanic Iron Ore
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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