Oceanic Iron Ore (CVE:FEO) Trading 17.1% Higher – Still a Buy?

Posted by Stephan Jacobs on Feb 15th, 2025

Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report)’s stock price traded up 17.1% during trading on Saturday . The stock traded as high as C$0.21 and last traded at C$0.21. 26,550 shares were traded during trading, a decline of 73% from the average session volume of 99,526 shares. The stock had previously closed at C$0.18.

Oceanic Iron Ore Price Performance

The company has a market capitalization of C$22.57 million, a P/E ratio of -10.25 and a beta of 0.99. The firm’s fifty day moving average is C$0.19 and its 200 day moving average is C$0.16. The company has a debt-to-equity ratio of 15.79, a quick ratio of 0.43 and a current ratio of 0.03.

Insider Activity at Oceanic Iron Ore

In other news, Director Christopher Ross Batalha purchased 700,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were bought at an average cost of C$0.18 per share, for a total transaction of C$126,000.00. 107.26% of the stock is currently owned by insiders.

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.