Oceanic Iron Ore (CVE:FEO) Stock Passes Above 200-Day Moving Average – Should You Sell?
by Jessica Moore · The Cerbat GemShares of Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.81 and traded as high as C$0.87. Oceanic Iron Ore shares last traded at C$0.85, with a volume of 211,402 shares.
Analyst Upgrades and Downgrades
Separately, Haywood Securities set a C$2.00 price target on Oceanic Iron Ore and gave the stock a “buy” rating in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Oceanic Iron Ore currently has an average rating of “Buy” and an average price target of C$2.00.
View Our Latest Stock Report on FEO
Oceanic Iron Ore Stock Performance
The stock has a market capitalization of C$221.53 million, a PE ratio of -1.23 and a beta of 3.06. The business has a 50 day moving average price of C$0.83 and a 200 day moving average price of C$0.81. The company has a debt-to-equity ratio of 15.79, a current ratio of 0.03 and a quick ratio of 0.43.
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. The company was formerly known as Pacific Harbour Capital Ltd. and changed its name to Oceanic Iron Ore Corp. in November 2010. Oceanic Iron Ore Corp.