Shares of Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report) rose 17.1% during mid-day trading on Saturday . The stock traded as high as C$0.21 and last traded at C$0.21. Approximately 26,550 shares were traded during trading, a decline of 73% from the average daily volume of 99,526 shares. The stock had previously closed at C$0.18.
Oceanic Iron Ore Stock Performance
The stock has a market capitalization of C$22.57 million, a price-to-earnings ratio of -10.25 and a beta of 0.99. The stock’s 50-day simple moving average is C$0.19 and its 200 day simple moving average is C$0.16. 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 Transactions at Oceanic Iron Ore
In other Oceanic Iron Ore news, Director Christopher Ross Batalha acquired 700,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was purchased at an average price of C$0.18 per share, for a total transaction of C$126,000.00. 107.26% of the stock is owned by company 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.
Further Reading
- Five stocks we like better than Oceanic Iron Ore
- What is the S&P 500 and How It is Distinct from Other Indexes
- NVIDIA’s Hidden AI Play: The Truth Behind Its WeRide Investment
- Financial Services Stocks Investing
- Up 50% in January, Twilio’s Pullback Is the Time to Buy
- What Are the U.K. Market Holidays? How to Invest and Trade
- Watch These 3 Stocks—High Short Interest and Big Upside Potential
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.
