Oceanic Iron Ore (CVE:FEO) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.18 and traded as high as C$0.19. Oceanic Iron Ore shares last traded at C$0.19, with a volume of 500 shares changing hands.

Oceanic Iron Ore Stock Performance

The business’s fifty day moving average is C$0.19 and its two-hundred day moving average is C$0.18. The company has a current ratio of 0.03, a quick ratio of 0.43 and a debt-to-equity ratio of 15.79. The company has a market capitalization of C$21.47 million, a PE ratio of -9.75 and a beta of 0.99.

About Oceanic Iron Ore

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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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