Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report)’s stock price was up 17.1% on Saturday . The stock traded as high as C$0.21 and last traded at C$0.21. Approximately 26,550 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 99,526 shares. The stock had previously closed at C$0.18.
Oceanic Iron Ore Stock Performance
The stock has a market cap of C$22.57 million, a P/E ratio of -10.25 and a beta of 0.99. The stock has a fifty day simple moving average of C$0.19 and a 200-day simple moving average of C$0.16. The company has a quick ratio of 0.43, a current ratio of 0.03 and a debt-to-equity ratio of 15.79.
Insider Activity at Oceanic Iron Ore
In other news, Director Christopher Ross Batalha purchased 700,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was bought 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 corporate insiders.
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.
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