Ryan Beedie Acquires 29,000 Shares of Oceanic Iron Ore (CVE:FEO) Stock

Key Points

• Ryan Beedie, a director at Oceanic Iron Ore Corp. (CVE:FEO), acquired 29,000 shares at an average price of C$0.83, totaling approximately C$24,029.40.
• Following this transaction, Beedie now owns 8,199,844 shares of the company, which is valued at around C$6.79 million, representing a 0.35% increase in his ownership.
• Oceanic Iron Ore has a market cap of C$96.71 million and recorded a trading volume of 672,604 shares recently, significantly higher than its average of 147,759 shares.

Oceanic Iron Ore Corp. (CVE:FEO - Get Free Report) Director Ryan Beedie purchased 29,000 shares of the firm's stock in a transaction on Wednesday, September 10th. The shares were purchased at an average price of C$0.83 per share, with a total value of C$24,029.40. Following the completion of the acquisition, the director directly owned 8,199,844 shares of the company's stock, valued at approximately C$6,794,390.74. This trade represents a 0.35% increase in their ownership of the stock.

Oceanic Iron Ore Stock Performance

Oceanic Iron Ore stock traded down C$0.02 during mid-day trading on Thursday, reaching C$0.82. The company had a trading volume of 672,604 shares, compared to its average volume of 147,759. The company has a quick ratio of 0.43, a current ratio of 0.03 and a debt-to-equity ratio of 15.79. Oceanic Iron Ore Corp. has a 52 week low of C$0.10 and a 52 week high of C$0.92. The company has a 50 day moving average of C$0.44 and a 200-day moving average of C$0.28. The firm has a market cap of C$96.71 million, a price-to-earnings ratio of -6.31 and a beta of 2.49.

Oceanic Iron Ore Company Profile

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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