Christopher Ross Batalha Acquires 700,000 Shares of Oceanic Iron Ore Corp. (CVE:FEO) Stock

Oceanic Iron Ore Corp. (CVE:FEO) Director Christopher Ross Batalha purchased 700,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were acquired at an average price of C$0.18 per share, for a total transaction of C$126,000.00.

Oceanic Iron Ore Stock Performance

CVE:FEO opened at C$0.17 on Wednesday. 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 firm has a market capitalization of C$18.71 million, a price-to-earnings ratio of -8.50 and a beta of 0.99. The company’s 50-day moving average is C$0.18 and its two-hundred day moving average is C$0.12. Oceanic Iron Ore Corp. has a 1-year low of C$0.05 and a 1-year high of C$0.33.

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.