Oceanic Iron Ore (CVE:FEO) Reaches New 12-Month High – Should You Buy?

Oceanic Iron Ore Corp. (CVE:FEOGet Free Report)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as C$0.18 and last traded at C$0.18, with a volume of 213500 shares. The stock had previously closed at C$0.17.

Oceanic Iron Ore Stock Performance

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 has a market cap of C$19.26 million, a PE ratio of -8.75 and a beta of 0.99. The business has a fifty day simple moving average of C$0.12 and a two-hundred day simple moving average of C$0.09.

Oceanic Iron Ore (CVE:FEOGet Free Report) last issued its quarterly earnings data on Thursday, August 22nd. The company reported C($0.02) earnings per share for the quarter. Research analysts anticipate that Oceanic Iron Ore Corp. will post -0.06 earnings per share for the current year.

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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