Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report) traded up 17.1% during trading on Saturday . The company traded as high as C$0.21 and last traded at C$0.21. 26,550 shares changed hands during mid-day 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 business’s fifty day moving average is C$0.19 and its 200 day moving average is C$0.16. The firm has a market capitalization of C$22.57 million, a P/E ratio of -10.25 and a beta of 0.99.
Insider Buying and Selling
In related news, Director Christopher Ross Batalha acquired 700,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were purchased at an average cost of C$0.18 per share, with a total value of C$126,000.00. 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.
Further Reading
- Five stocks we like better than Oceanic Iron Ore
- How to Invest in Insurance Companies: A Guide
- Roblox’s Big Dip: A Chance to Get in on the Vaunted Gaming Stock?
- Why Are Stock Sectors Important to Successful Investing?
- 3 Dividend ETFs to Capitalize on the Slide in Chip Stocks
- Stock Sentiment Analysis: How it Works
- Is Chevron Stock Primed for Growth After Profit-Boosting News?
Receive News & Ratings for Oceanic Iron Ore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oceanic Iron Ore and related companies with MarketBeat.com's FREE daily email newsletter.
