Shares of Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report) traded down 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 Stock Down 14.6 %
The firm has a 50 day moving average of C$0.19 and a 200-day moving average of C$0.16. 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 stock has a market capitalization of C$19.26 million, a P/E ratio of -8.75 and a beta of 0.99.
Insider Transactions at Oceanic Iron Ore
In related news, Director Christopher Ross Batalha acquired 700,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were bought at an average cost of C$0.18 per share, with a total value of C$126,000.00. 107.26% of the stock is owned by 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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