Oceanic Iron Ore (CVE:FEO) Shares Gap Up to $0.17

Oceanic Iron Ore Corp (CVE:FEO) shares gapped up prior to trading on Wednesday . The stock had previously closed at $0.17, but opened at $0.20. Oceanic Iron Ore shares last traded at $0.20, with a volume of 40,250 shares traded.

The stock has a fifty day moving average of C$0.17 and a two-hundred day moving average of C$0.13. The stock has a market capitalization of $7.88 million and a price-to-earnings ratio of 41.25. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 5.73.

Oceanic Iron Ore (CVE:FEO) last announced its quarterly earnings data on Tuesday, August 18th. The company reported C($0.01) EPS for the quarter. Equities analysts expect that Oceanic Iron Ore Corp will post -0.06 earnings per share for the current year.

About Oceanic Iron Ore (CVE:FEO)

Oceanic Iron Ore Corp., an exploration stage company, acquires and explores for iron ore properties in Québec, Canada. It holds a 100% interest in the Ungava Bay iron property that covers three project areas, including Hopes Advance, Morgan Lake, and Roberts Lake, which covers approximately 39,717 hectares of iron formation located in the Nunavik region of Northern Québec.

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