Oceanic Iron Ore Corp. (CVE:FEO - Get Free Report) rose 30.9% during mid-day trading on Tuesday . The stock traded as high as C$0.72 and last traded at C$0.72. Approximately 853,467 shares traded hands during trading, an increase of 556% from the average daily volume of 130,094 shares. The stock had previously closed at C$0.55.
Oceanic Iron Ore Price Performance
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 company has a 50-day simple moving average of C$0.35 and a 200-day simple moving average of C$0.25. The company has a market cap of C$83.41 million, a price-to-earnings ratio of -5.54 and a beta of 1.42.
Insider Activity at Oceanic Iron Ore
In other news, insider Frank Giustra sold 1,629,500 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of C$0.21, for a total transaction of C$342,520.90. Also, Director Gordon Keep sold 100,000 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of C$0.29, for a total value of C$29,000.00. Insiders have sold a total of 1,829,500 shares of company stock worth $396,321 in the last three months. Corporate insiders own 9.00% of the company's stock.
About Oceanic Iron Ore
(
Get Free Report)
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
Before you consider Oceanic Iron Ore, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oceanic Iron Ore wasn't on the list.
While Oceanic Iron Ore currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
