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

Posted by Jessica Moore on Feb 15th, 2025

Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report)’s share price traded up 17.1% during mid-day trading on Saturday . The company traded as high as C$0.21 and last traded at C$0.21. 26,550 shares traded 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 Stock Up 17.1 %

The firm’s fifty day simple moving average is C$0.19 and its 200 day simple moving average is C$0.16. The company has a market cap of C$22.57 million, a price-to-earnings ratio of -10.25 and a beta of 0.99. 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 Activity at Oceanic Iron Ore

In other Oceanic Iron Ore news, Director Christopher Ross Batalha purchased 700,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was purchased at an average cost 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.

Oceanic Iron Ore Company Profile

(Get Free Report)

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.