Oceanic Iron Ore (CVE:FEO) Trading 21.2% Higher – What’s Next?

Oceanic Iron Ore Corp. (CVE:FEO)’s stock price shot up 21.2% during mid-day trading on Thursday . The stock traded as high as C$0.21 and last traded at C$0.20. 127,007 shares changed hands during mid-day trading, an increase of 84% from the average session volume of 69,131 shares. The stock had previously closed at C$0.17.

Oceanic Iron Ore Trading Up 21.2 %

The stock has a market cap of C$22.02 million, a PE ratio of -10.00 and a beta of 0.99. 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 fifty day moving average price of C$0.18 and a 200 day moving average price of C$0.14.

Insiders Place Their Bets

In other Oceanic Iron Ore news, Director Gordon Keep sold 355,000 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of C$0.27, for a total value of C$95,850.00. Also, Director Christopher Ross Batalha bought 700,000 shares of the firm’s 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. Insiders sold 541,464 shares of company stock valued at $133,734 over the last three months. 107.26% of the stock is owned by company insiders.

Oceanic Iron Ore Company Profile

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.