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

Oceanic Iron Ore Corp. (CVE:FEO) was up 66.7% during trading on Friday . The company traded as high as C$0.29 and last traded at C$0.28. Approximately 818,754 shares were traded during mid-day trading, an increase of 344% from the average daily volume of 184,422 shares. The stock had previously closed at C$0.17.

Oceanic Iron Ore Trading Up 66.7 %

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 business’s 50-day moving average is C$0.18 and its 200 day moving average is C$0.14. The firm has a market capitalization of C$30.27 million, a P/E ratio of -13.75 and a beta of 0.99.

Insider Transactions at Oceanic Iron Ore

In other Oceanic Iron Ore news, 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. Also, Director Christopher Ross Batalha purchased 700,000 shares of Oceanic Iron Ore stock in a transaction that occurred on Friday, November 22nd. The shares were purchased at an average price of C$0.18 per share, for a total transaction of C$126,000.00. Over the last ninety days, insiders have sold 510,000 shares of company stock valued at $128,700. 107.26% of the stock is currently 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.