Oceanic Iron Ore (CVE:FEO) Trading 2.9% Higher – Here’s What Happened

Posted by James Quigley on Jun 10th, 2026

Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report)’s stock price rose 2.9% during trading on Wednesday . The company traded as high as C$0.72 and last traded at C$0.72. Approximately 412,911 shares traded hands during mid-day trading, an increase of 231% from the average daily volume of 124,832 shares. The stock had previously closed at C$0.70.

Wall Street Analysts Forecast Growth

FEO has been the topic of a number of analyst reports. Haywood Securities set a C$2.00 target price on shares of Oceanic Iron Ore and gave the stock a “buy” rating in a research report on Tuesday, April 7th. National Bank Financial set a C$1.70 target price on shares of Oceanic Iron Ore and gave the stock an “outperform” rating in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Oceanic Iron Ore presently has an average rating of “Buy” and a consensus price target of C$1.85.

View Our Latest Analysis on FEO

Oceanic Iron Ore Price Performance

The business’s 50 day moving average price is C$0.80 and its two-hundred day moving average price is C$0.81. The stock has a market cap of C$205.89 million, a P/E ratio of -1.08 and a beta of 2.71. 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 Buying and Selling at Oceanic Iron Ore

In related news, Director Jeremy Langford bought 128,500 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were purchased at an average price of C$0.78 per share, with a total value of C$100,230.00. Following the purchase, the director owned 128,500 shares of the company’s stock, valued at approximately C$100,230. This trade represents a ∞ increase in their position. Insiders own 9.00% 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. The company was formerly known as Pacific Harbour Capital Ltd. and changed its name to Oceanic Iron Ore Corp. in November 2010. Oceanic Iron Ore Corp.