Shares of Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report) traded down 13.9% on Tuesday . The company traded as low as C$0.61 and last traded at C$0.62. 152,986 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 174,214 shares. The stock had previously closed at C$0.72.
Oceanic Iron Ore Stock Performance
The company has a current ratio of 0.03, a quick ratio of 0.43 and a debt-to-equity ratio of 15.79. The firm has a fifty day moving average price of C$0.89 and a 200 day moving average price of C$0.48. The firm has a market cap of C$95.00 million, a PE ratio of -4.92 and a beta of 2.94.
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.
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