Shares of Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report) dropped 16.7% during trading on Friday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 1,201,846 shares were traded during mid-day trading, an increase of 1,482% from the average daily volume of 75,976 shares. The stock had previously closed at C$0.06.
Oceanic Iron Ore Price Performance
The firm’s 50-day moving average price is C$0.06 and its two-hundred day moving average price is C$0.06. The stock has a market cap of C$5.40 million, a PE ratio of -6.50 and a beta of 1.10. The company has a current ratio of 0.21, a quick ratio of 0.43 and a debt-to-equity ratio of 8.51.
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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