Oceanic Iron Ore (CVE:FEO) Stock Price Up 66.7% – Here’s What Happened

by · The Markets Daily

Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report)’s stock price was up 66.7% during trading on Thursday . The company traded as high as C$0.29 and last traded at C$0.28. Approximately 818,754 shares changed hands during trading, an increase of 344% from the average daily volume of 184,422 shares. The stock had previously closed at C$0.17.

Oceanic Iron Ore Stock Down 7.3 %

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 50-day simple moving average of C$0.18 and a two-hundred day simple moving average of C$0.14. The company has a market cap of C$28.07 million, a PE ratio of -12.75 and a beta of 0.99.

Insider Buying and Selling

In other news, Director Gordon Keep sold 355,000 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of C$0.27, for a total transaction of C$95,850.00. Also, Director Christopher Ross Batalha acquired 700,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were purchased at an average price of C$0.18 per share, with a total value of C$126,000.00. Over the last ninety days, insiders have sold 510,000 shares of company stock worth $128,700. 107.26% of the stock is owned by company insiders.

About Oceanic Iron Ore

(Get Free Report)

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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