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1 Comment
Oceanic Iron Ore Corp is currently in a long term downtrend where the price is trading 4.7% below its 200 day moving average.
From a valuation standpoint, the stock is 100.0% cheaper than other stocks from the Basic Materials sector with a price to sales ratio of 0.0.
Oceanic Iron Ore Corp's total revenue sank by nan% to $0 since the same quarter in the previous year.
Its net income has dropped by 657.4% to $-756K since the same quarter in the previous year.
Finally, its free cash flow grew by 88.3% to $-28K since the same quarter in the previous year.
Based on the above factors, Oceanic Iron Ore Corp gets an overall score of 2/5.
| Industry | Other Industrial Metals & Mining |
|---|---|
| Sector | Basic Materials |
| ISIN | CA67524Q1321 |
| CurrencyCode | CAD |
| Exchange | V |
| PE Ratio | 8.0 |
|---|---|
| Target Price | 0.15 |
| Beta | 0.55 |
| Dividend Yield | 0.0% |
| Market Cap | 8M |
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 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, Québec. 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. was incorporated in 1986 and is headquartered in Vancouver, Canada.
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