Oceanic Iron Ore (CVE:FEO) Stock Price Down 18.3% – Here’s Why

Posted by James Quigley on Jul 13th, 2025

Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report) traded down 18.3% during mid-day trading on Friday . The stock traded as low as C$0.24 and last traded at C$0.25. 333,500 shares were traded during mid-day trading, an increase of 209% from the average session volume of 107,788 shares. The stock had previously closed at C$0.30.

Oceanic Iron Ore Trading Down 15.0%

The stock 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 debt-to-equity ratio of 15.79, a current ratio of 0.03 and a quick ratio of 0.43. The firm’s 50 day moving average price is C$0.22 and its 200-day moving average price is C$0.20.

Insider Buying and Selling at Oceanic Iron Ore

In related news, Director Gordon Keep sold 100,000 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of C$0.29, for a total transaction of C$29,000.00. Also, insider Frank Giustra sold 1,629,500 shares of Oceanic Iron Ore stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of C$0.21, for a total value of C$342,520.90. Over the last quarter, insiders have sold 1,849,949 shares of company stock worth $397,344. Company insiders own 107.26% of the company’s stock.

About Oceanic Iron Ore

(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.