Oceanic Iron Ore Corp. (CVE:FEO - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.31 and traded as high as C$0.95. Oceanic Iron Ore shares last traded at C$0.94, with a volume of 302,246 shares.
Oceanic Iron Ore Stock Up 5.6%
The company's fifty day moving average is C$0.51 and its 200-day moving average is C$0.31. The company has a market capitalization of C$110.87 million, a PE ratio of -7.23 and a beta of 2.49. The company has a debt-to-equity ratio of 15.79, a quick ratio of 0.43 and a current ratio of 0.03.
Insider Activity at Oceanic Iron Ore
In other Oceanic Iron Ore news, insider Frank Giustra sold 1,629,500 shares of the company'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 value of C$342,520.90. Also, Director Gordon Keep sold 100,000 shares of the company'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 sold a total of 1,779,500 shares of company stock valued at $385,221 over the last 90 days. 9.00% of the stock is currently owned by corporate 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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