Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report)’s stock price was up 17.1% on Saturday . The company traded as high as C$0.21 and last traded at C$0.21. Approximately 26,550 shares were traded during 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 company has a current ratio of 0.03, a quick ratio of 0.43 and a debt-to-equity ratio of 15.79. The firm has a market capitalization of C$22.57 million, a price-to-earnings ratio of -10.25 and a beta of 0.99. The stock’s 50 day moving average price is C$0.19 and its two-hundred day moving average price is C$0.16.
Insider Transactions at Oceanic Iron Ore
In other news, Director Christopher Ross Batalha bought 700,000 shares of Oceanic Iron Ore stock in a transaction on Friday, November 22nd. The shares were bought at an average cost of C$0.18 per share, for a total transaction of C$126,000.00. Corporate 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.
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