Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report) shot up 17.1% on Saturday . The stock traded as high as C$0.21 and last traded at C$0.21. 26,550 shares changed hands 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 Trading Up 17.1 %
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 capitalization of C$22.57 million, a PE ratio of -10.25 and a beta of 0.99. The business’s 50-day moving average is C$0.19 and its two-hundred day moving average is C$0.16.
Insider Activity
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 stock was purchased at an average cost of C$0.18 per share, with a total value of C$126,000.00. Insiders own 107.26% of the company’s stock.
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.
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