|Oceanic Iron Ore Corp -- USA Stock|| |
USD 0.0974 0.0026 2.6%
The Honourable John Douglas Reynolds P.C., is Independent Director of Oceanic Iron Ore Corporationration He was a director of Kinetex Resources Corporationrationration when the British Columbia Securities Commission issued a cease trade order against Kinetex on July 22, 2010 for failure to file its year end financial statements and related management discussion and analysis by the required filing deadline. On November 3, 2010, a Cease Trade Order was issued against Kinetex by the Alberta Securities Commission. A receiver and manager of the property, assets and undertaking of Kinetex and its subsidiary, Kinetex MultiComponent Services Inc., was appointed pursuant to an order of the Court of Queens Bench of Alberta dated on December 20, 2010. Kinetex is awaiting the outcome of these receivership proceedings.
Age: 70 Director Since 2010
The company has return on total asset (ROA)
of (1.28) %
which means that it has lost $1.28 on every $100 spent on asset. This is way below average. Similarly, it shows return on equity (ROE)
of (3.42) %
meaning that it generated substantial loss on money invested by shareholders.
The company has accumulated 2.16 M in total debt with debt to equity ratio (D/E) of 7.1 indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Oceanic Iron Ore Corp has Current Ratio of 0.27 indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due.
Oceanic Iron Ore Corporation, an exploration stage company, acquires and explores iron ore properties in Qu?bec, Canada. Oceanic Iron Ore Corp (FEOVF) is traded on OTC Market in USA. It is located in Vancouver, BC VX L and employs 10 people.