Oceanic Iron Ore (CVE:FEO) Stock Price Up 21.2% – What’s Next?

Oceanic Iron Ore Corp. (CVE:FEO) traded up 21.2% during trading on Thursday . The stock traded as high as C$0.21 and last traded at C$0.20. 157,007 shares changed hands during mid-day trading, an increase of 112% from the average session volume of 74,131 shares. The stock had previously closed at C$0.17.

Oceanic Iron Ore Stock Up 21.2 %

The firm has a 50-day moving average price of C$0.18 and a two-hundred day moving average price of C$0.14. The company has a market capitalization of C$22.02 million, a P/E ratio of -10.00 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 Buying and Selling at Oceanic Iron Ore

In other Oceanic Iron Ore news, Director Gordon Keep sold 355,000 shares of Oceanic Iron Ore stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of C$0.27, for a total transaction of C$95,850.00. Also, Director Christopher Ross Batalha acquired 700,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was acquired at an average price of C$0.18 per share, with a total value of C$126,000.00. Insiders sold a total of 541,464 shares of company stock valued at $133,734 in the last ninety days. Company 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.