Christopher Ross Batalha Acquires 700,000 Shares of Oceanic Iron Ore Corp. (CVE:FEO) Stock

Oceanic Iron Ore Corp. (CVE:FEO) Director Christopher Ross Batalha acquired 700,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was acquired at an average price of C$0.18 per share, with a total value of C$126,000.00.

Oceanic Iron Ore Stock Performance

CVE FEO opened at C$0.17 on Thursday. The stock has a market cap of C$18.71 million, a P/E ratio of -8.50 and a beta of 0.99. The company has a quick ratio of 0.43, a current ratio of 0.03 and a debt-to-equity ratio of 15.79. Oceanic Iron Ore Corp. has a twelve month low of C$0.05 and a twelve month high of C$0.33. The company’s 50-day simple moving average is C$0.18 and its 200 day simple moving average is C$0.12.

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.