Oceanic Iron Ore Corp. (CVE:FEO - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.25 and traded as high as C$0.75. Oceanic Iron Ore shares last traded at C$0.70, with a volume of 139,252 shares traded.
Oceanic Iron Ore Trading Up 5.1%
The firm has a market cap of C$97.89 million, a price-to-earnings ratio of -6.38 and a beta of 2.49. The company has a 50-day moving average price of C$0.41 and a 200 day moving average price of C$0.26. The company has a quick ratio of 0.43, a current ratio of 0.03 and a debt-to-equity ratio of 15.79.
Insider Activity
In other Oceanic Iron Ore news, Director Gordon Keep sold 100,000 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of C$0.29, for a total value of C$29,000.00. Also, insider Frank Giustra sold 1,629,500 shares of the business's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of C$0.21, for a total value of C$342,520.90. Over the last 90 days, insiders have sold 1,779,500 shares of company stock worth $385,221. Corporate insiders own 9.00% of the company's stock.
Oceanic Iron Ore Company Profile
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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.
Further Reading
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