Oceanic Iron Ore (CVE:FEO) Director Acquires C$24,029.40 in 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 K. Beedie bought 29,000 shares of the stock in a transaction dated Wednesday, September 10th. The shares were acquired at an average price of C$0.83 per share, with a total value of C$24,029.40. Following the completion of the purchase, the director directly owned 8,199,844 shares of the company's stock, valued at approximately C$6,794,390.74. This represents a 0.35% increase in their ownership of the stock.

Oceanic Iron Ore Stock Down 5.3%

Shares of Oceanic Iron Ore stock traded down C$0.05 during trading hours on Tuesday, hitting C$0.89. 126,452 shares of the company's stock traded hands, compared to its average volume of 154,083. The stock has a 50 day simple moving average of C$0.48 and a 200-day simple moving average of C$0.29. The company has a quick ratio of 0.43, a current ratio of 0.03 and a debt-to-equity ratio of 15.79. The company has a market cap of C$104.97 million, a PE ratio of -6.85 and a beta of 2.49. Oceanic Iron Ore Corp. has a twelve month low of C$0.10 and a twelve month high of C$0.98.

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.