Oceanic Iron Ore (CVE:FEO) Shares Up 66.7% – What’s Next?

Posted by Linda Flegge on Jan 9th, 2025

Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report)’s stock price was up 66.7% during mid-day trading on Thursday . The company traded as high as C$0.29 and last traded at C$0.28. Approximately 818,754 shares traded hands during mid-day trading, an increase of 344% from the average daily volume of 184,422 shares. The stock had previously closed at C$0.17.

Oceanic Iron Ore Stock Performance

The stock has a market capitalization of C$30.27 million, a P/E ratio of -13.75 and a beta of 0.99. The business’s fifty day moving average price is C$0.18 and its two-hundred day moving average price is C$0.14. The company has a debt-to-equity ratio of 15.79, a quick ratio of 0.43 and a current ratio of 0.03.

Insider Transactions at Oceanic Iron Ore

In related news, Director Gordon Keep sold 355,000 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of C$0.27, for a total value of C$95,850.00. Also, Director Christopher Ross Batalha purchased 700,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were purchased at an average price of C$0.18 per share, for a total transaction of C$126,000.00. Over the last ninety days, insiders have sold 541,464 shares of company stock worth $133,734. Insiders own 107.26% of the company’s stock.

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.