Oceanic Iron Ore (CVE:FEO) Stock Price Up 21.2% – Here’s What Happened

Oceanic Iron Ore Corp. (CVE:FEO)’s share price traded up 21.2% on Thursday . The stock traded as high as C$0.21 and last traded at C$0.20. 157,007 shares changed hands during mid-day trading, an increase of 112% from the average session volume of 74,131 shares. The stock had previously closed at C$0.17.

Oceanic Iron Ore Price Performance

The company has a 50 day moving average of C$0.18 and a two-hundred day moving average of C$0.14. The firm has a market cap of C$28.07 million, a P/E ratio of -12.75 and a beta of 0.99. 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 Buying and Selling at Oceanic Iron Ore

In related news, Director Christopher Ross Batalha purchased 700,000 shares of the firm’s stock in a transaction that occurred on 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. Also, Director Gordon Keep sold 355,000 shares of Oceanic Iron Ore stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of C$0.27, for a total value of C$95,850.00. In the last three months, insiders sold 510,000 shares of company stock valued at $128,700. 107.26% of the stock is owned by 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.