Oceanic Iron Ore (CVE:FEO) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Oceanic Iron Ore Corp. (CVE:FEO)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.62 and traded as high as C$0.70. Oceanic Iron Ore shares last traded at C$0.70, with a volume of 56,479 shares changing hands.

Oceanic Iron Ore Price Performance

The firm has a market cap of C$107.07 million, a PE ratio of -0.82 and a beta of 3.27. The stock has a 50 day simple moving average of C$0.78 and a two-hundred day simple moving average of C$0.62. The company has a debt-to-equity ratio of 15.79, a quick ratio of 0.43 and a current ratio of 0.03.

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. 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.