Oceanic Iron Ore (CVE:FEO) Reaches New 52-Week High – Still a Buy?

by · The Cerbat Gem

Shares of Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as C$0.20 and last traded at C$0.20, with a volume of 127400 shares trading hands. The stock had previously closed at C$0.19.

Oceanic Iron Ore Price Performance

The firm has a market cap of C$23.12 million, a P/E ratio of -10.50 and a beta of 0.99. 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 company’s 50-day moving average is C$0.13 and its two-hundred day moving average is C$0.10.

Oceanic Iron Ore (CVE:FEO – Get Free Report) last announced its quarterly earnings data on Thursday, August 22nd. The company reported C($0.02) EPS for the quarter. Sell-side analysts anticipate that Oceanic Iron Ore Corp. will post -0.06 EPS for the current fiscal year.

About Oceanic Iron Ore

(Get Free Report)

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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