Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report)’s share price shot up 17.1% on Friday . The stock traded as high as C$0.21 and last traded at C$0.21. 26,550 shares were traded 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 Performance
The firm’s 50-day moving average price is C$0.19 and its two-hundred day moving average price is C$0.16. The firm has a market capitalization of C$22.57 million, a PE ratio of -10.25 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 Activity at Oceanic Iron Ore
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. 107.26% of the stock is currently owned by insiders.
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.
Featured Stories
- Five stocks we like better than Oceanic Iron Ore
- Trading Stocks: RSI and Why it’s Useful
- Symbotic Shares Down 37%—Is It Time for Bravery or Caution?
- What Are Dividend Challengers?
- High-Yield Healthcare: 3 Stocks With Strong Dividends
- Election Stocks: How Elections Affect the Stock Market
- Beyond the Bargain Bin: 3 Stocks Leading Discount Retail
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.
