Oceanic Iron Ore (CVE:FEO) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Oceanic Iron Ore Corp. (CVE:FEO)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.15 and traded as high as C$0.22. Oceanic Iron Ore shares last traded at C$0.20, with a volume of 120,503 shares trading hands.

Oceanic Iron Ore Stock Down 16.7 %

The stock has a market cap of C$22.02 million, a PE ratio of -10.00 and a beta of 0.99. The business has a 50-day moving average price of C$0.18 and a 200-day moving average price of C$0.15. The company has a current ratio of 0.03, a quick ratio of 0.43 and a debt-to-equity ratio of 15.79.

Insider Transactions at Oceanic Iron Ore

In related news, Director Christopher Ross Batalha bought 700,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was acquired at an average price of C$0.18 per share, for a total transaction of C$126,000.00. Company insiders own 107.26% of the company’s stock.

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.