Insider Buying: Oceanic Iron Ore Corp. (CVE:FEO) Director Purchases 700,000 Shares of Stock

Oceanic Iron Ore Corp. (CVE:FEO) Director Christopher Ross Batalha bought 700,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were purchased at an average price of C$0.18 per share, with a total value of C$126,000.00.

Oceanic Iron Ore Price Performance

Shares of Oceanic Iron Ore stock opened at C$0.17 on Thursday. The stock has a market capitalization of C$18.71 million, a price-to-earnings ratio of -8.50 and a beta of 0.99. The firm’s 50-day moving average price is C$0.18 and its two-hundred day moving average price is C$0.12. The company has a current ratio of 0.03, a quick ratio of 0.43 and a debt-to-equity ratio of 15.79. Oceanic Iron Ore Corp. has a 1-year low of C$0.05 and a 1-year high of C$0.33.

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.