Oceanic Iron Ore (CVE:FEO) Trading Up 66.7% – Time to Buy?

Posted by Erica Schwartz on Jan 11th, 2025

Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report)’s stock price traded up 66.7% on Thursday . The stock traded as high as C$0.29 and last traded at C$0.28. 818,754 shares were traded during mid-day trading, an increase of 344% from the average session volume of 184,422 shares. The stock had previously closed at C$0.17.

Oceanic Iron Ore Trading Down 7.3 %

The company has a debt-to-equity ratio of 15.79, a quick ratio of 0.43 and a current ratio of 0.03. The stock has a market cap of C$28.07 million, a P/E ratio of -12.75 and a beta of 0.99. The stock has a 50-day moving average price of C$0.18 and a 200-day moving average price of C$0.14.

Insider Buying and Selling at Oceanic Iron Ore

In other news, Director Christopher Ross Batalha acquired 700,000 shares of Oceanic Iron Ore stock in a transaction dated Friday, November 22nd. The shares were purchased 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 the firm’s stock in a transaction dated 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 sold a total of 510,000 shares of company stock worth $128,700 over the last three months. 107.26% of the stock is 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.