Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report) shares dropped 14.6% during trading on Friday . The company traded as low as C$0.18 and last traded at C$0.18. Approximately 136,850 shares traded hands during mid-day trading, an increase of 34% from the average daily volume of 102,229 shares. The stock had previously closed at C$0.21.
Oceanic Iron Ore Price Performance
The stock has a market capitalization of C$19.26 million, a P/E ratio of -8.75 and a beta of 0.99. The company has a debt-to-equity ratio of 15.79, a quick ratio of 0.43 and a current ratio of 0.03. The stock has a 50-day simple moving average of C$0.19 and a 200 day simple moving average of C$0.16.
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 dated Friday, November 22nd. The shares were acquired at an average cost of C$0.18 per share, for a total transaction of C$126,000.00. 107.26% of the stock is owned by corporate insiders.
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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