Oceanic Iron Ore (CVE:FEO) Trading 17.1% Higher – Here’s What Happened

Oceanic Iron Ore Corp. (CVE:FEO)’s stock price traded up 17.1% on Saturday . The stock traded as high as C$0.21 and last traded at C$0.21. 26,550 shares were traded during trading, a decline of 73% from the average session volume of 99,526 shares. The stock had previously closed at C$0.18.

Oceanic Iron Ore Price Performance

The company has a current ratio of 0.03, a quick ratio of 0.43 and a debt-to-equity ratio of 15.79. The firm has a market cap of C$22.57 million, a P/E ratio of -10.25 and a beta of 0.99. The company has a fifty day moving average price of C$0.19 and a two-hundred day moving average price of C$0.16.

Insider Activity

In other news, Director Christopher Ross Batalha bought 700,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were acquired at an average price of C$0.18 per share, with a total value of C$126,000.00. 107.26% of the stock is currently owned by company insiders.

Oceanic Iron Ore Company Profile

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.