Oceanic Iron Ore (CVE:FEO) Stock Price Down 7.3% – Here’s What Happened

Oceanic Iron Ore Corp. (CVE:FEO)’s share price traded down 7.3% on Thursday . The stock traded as low as C$0.19 and last traded at C$0.19. 113,850 shares were traded 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 Down 14.6 %

The company has a market cap of C$19.26 million, a price-to-earnings ratio of -8.75 and a beta of 0.99. The business has a fifty day moving average of C$0.19 and a two-hundred day moving average of C$0.16. 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 Transactions at Oceanic Iron Ore

In related news, Director Christopher Ross Batalha purchased 700,000 shares of Oceanic Iron Ore stock in a transaction that occurred on Friday, November 22nd. The stock was purchased at an average price of C$0.18 per share, for a total transaction 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.