Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report) fell 7.3% during mid-day trading on Thursday . The stock traded as low as C$0.19 and last traded at C$0.19. 113,850 shares changed hands during mid-day trading, an increase of 12% from the average session volume of 101,377 shares. The stock had previously closed at C$0.21.
Oceanic Iron Ore Stock Performance
The business has a fifty day moving average of C$0.19 and a 200-day moving average of C$0.16. The company has a market cap of C$22.57 million, a PE ratio of -10.25 and a beta of 0.99. The company has a current ratio of 0.03, a quick ratio of 0.43 and a debt-to-equity ratio of 15.79.
Insider Activity
In other news, Director Christopher Ross Batalha purchased 700,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were bought at an average cost of C$0.18 per share, for a total transaction of C$126,000.00. Insiders own 107.26% of the company’s stock.
About Oceanic Iron Ore
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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