Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report) traded up 17.1% during trading on Saturday . The company traded as high as C$0.21 and last traded at C$0.21. 26,550 shares traded hands during mid-day 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 Trading Up 17.1 %
The company has a debt-to-equity ratio of 15.79, a current ratio of 0.03 and a quick ratio of 0.43. The company has a market capitalization of C$22.57 million, a price-to-earnings ratio of -10.25 and a beta of 0.99. The business’s 50 day simple moving average is C$0.19 and its 200 day simple moving average is C$0.16.
Insider Buying and Selling at Oceanic Iron Ore
In other news, Director Christopher Ross Batalha bought 700,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were acquired at an average price of C$0.18 per share, with a total value of C$126,000.00. 107.26% of the stock is currently 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.
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