Oceanic Iron Ore (CVE:FEO) Stock Price Down 14.6% – Should You Sell?

Oceanic Iron Ore Corp. (CVE:FEO)’s stock price traded down 14.6% during trading on Friday . The company traded as low as C$0.18 and last traded at C$0.18. 136,850 shares changed hands during mid-day 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 Trading Up 17.1 %

The company 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 company has a market cap of C$22.57 million, a PE ratio of -10.25 and a beta of 0.99.

Insider Activity

In other Oceanic Iron Ore news, Director Christopher Ross Batalha purchased 700,000 shares of Oceanic Iron Ore stock in a transaction dated Friday, November 22nd. The shares were purchased at an average cost 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.