Oceanic Iron Ore (FEO) Trading Down 36.8%

Oceanic Iron Ore Corp (CVE:FEO) shares traded down 36.8% during trading on Monday . The stock traded as low as C$0.06 and last traded at C$0.06. 127,000 shares were traded during mid-day trading, an increase of 55% from the average session volume of 82,030 shares. The stock had previously closed at C$0.10.

The stock has a market capitalization of $5.49 million and a P/E ratio of -6.67. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 2.06.

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Oceanic Iron Ore Company Profile (CVE:FEO)

Oceanic Iron Ore Corp., an exploration stage company, acquires and explores for iron ore properties in Québec, Canada. It holds a 100% interest in the Ungava Bay iron property that covers three project areas, including Hopes Advance, Morgan Lake, and Roberts Lake, which covers approximately 39,717 hectares of iron formation located in the Nunavik region of Northern Québec.

See Also: Depreciation

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