Oceanic Iron Ore Corp. (
CVE:FEO -
Get Free Report) shot up 30.9% during mid-day trading on Monday . The company traded as high as C$0.72 and last traded at C$0.72. 853,467 shares traded hands during mid-day 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 company has a current ratio of 0.03, a quick ratio of 0.43 and a debt-to-equity ratio of 15.79. The stock's 50-day simple moving average is C$0.30 and its 200-day simple moving average is C$0.23. The stock has a market cap of C$79.26 million, a price-to-earnings ratio of -36.00 and a beta of 0.99.
Insiders Place Their Bets
In other Oceanic Iron Ore news, insider Frank Giustra sold 1,629,500 shares of Oceanic Iron Ore stock in a transaction 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 business's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of C$0.29, for a total value of C$29,000.00. In the last 90 days, insiders have sold 1,829,500 shares of company stock worth $396,321. Corporate insiders own 107.26% 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.
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