Oceanic Iron Ore (CVE:FEO) Trading Up 17.1% – Still a Buy?

Oceanic Iron Ore Corp. (CVE:FEO)’s stock price was up 17.1% on Friday . The stock traded as high as C$0.21 and last traded at C$0.21. Approximately 26,550 shares changed hands during trading, a decline of 73% from the average daily volume of 99,526 shares. The stock had previously closed at C$0.18.

Oceanic Iron Ore Stock Up 17.1 %

The firm has a market cap of C$22.57 million, a PE ratio of -10.25 and a beta of 0.99. 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 firm’s 50-day moving average price is C$0.19 and its two-hundred day moving average price is C$0.16.

Insider Activity at Oceanic Iron Ore

In other news, Director Christopher Ross Batalha acquired 700,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was bought at an average price of C$0.18 per share, for a total transaction of C$126,000.00. 107.26% of the stock is owned by insiders.

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.