Oceanic Iron Ore (CVE:FEO) Trading Up 66.7% – Here’s What Happened

Posted by Donna Armstrong on Jan 10th, 2025

Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report)’s stock price was up 66.7% during mid-day trading on Friday . The company traded as high as C$0.29 and last traded at C$0.28. Approximately 818,754 shares were traded 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 Price Performance

The company’s 50 day simple moving average is C$0.18 and its 200-day simple moving average is C$0.14. The company has a current ratio of 0.03, a quick ratio of 0.43 and a debt-to-equity ratio of 15.79. The company has a market capitalization of C$30.27 million, a price-to-earnings ratio of -13.75 and a beta of 0.99.

Insider Transactions at Oceanic Iron Ore

In other news, 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 cost of C$0.18 per share, for a total transaction of C$126,000.00. Also, 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 value of C$95,850.00. Insiders have sold 510,000 shares of company stock worth $128,700 over the last quarter. 107.26% of the stock is currently owned by insiders.

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.