Shares of Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report) fell 14.6% on Friday . The company traded as low as C$0.18 and last traded at C$0.18. 136,850 shares traded hands during trading, an increase of 34% from the average session volume of 102,229 shares. The stock had previously closed at C$0.21.
Oceanic Iron Ore Price 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 50-day simple moving average of C$0.19 and a 200-day simple moving average of C$0.16. The stock has a market cap of C$19.26 million, a PE ratio of -8.75 and a beta of 0.99.
Insider Transactions at Oceanic Iron Ore
In other news, Director Christopher Ross Batalha purchased 700,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were acquired at an average price of C$0.18 per share, with a total value of C$126,000.00. Corporate insiders own 107.26% of the company’s stock.
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.
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