Oceanic Iron Ore Corp. (CVE:FEO - Get Free Report) shares shot up 30.9% on Tuesday . The company traded as high as C$0.72 and last traded at C$0.72. 853,467 shares traded hands during trading, an increase of 556% from the average session volume of 130,094 shares. The stock had previously closed at C$0.55.
Oceanic Iron Ore Stock Performance
The firm has a market capitalization of C$83.41 million, a price-to-earnings ratio of -5.54 and a beta of 1.42. 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's fifty day moving average is C$0.35 and its two-hundred day moving average is C$0.25.
Insider Buying and Selling at Oceanic Iron Ore
In other Oceanic Iron Ore news, Director Gordon Keep sold 100,000 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of C$0.29, for a total transaction of C$29,000.00. Also, insider Frank Giustra sold 1,629,500 shares of the firm's stock in a transaction 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. Over the last three months, insiders have sold 1,829,500 shares of company stock valued at $396,321. 9.00% of the stock is owned by company insiders.
About Oceanic Iron Ore
(
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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.
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