Oceanic Iron Ore (CVE:FEO) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Oceanic Iron Ore Corp. (CVE:FEO)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.14 and traded as high as C$0.15. Oceanic Iron Ore shares last traded at C$0.15, with a volume of 13,000 shares.

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 has a market capitalization of C$30.27 million, a PE ratio of -13.75 and a beta of 0.99. The business’s 50 day moving average is C$0.18 and its 200 day moving average is C$0.14.

Insider Activity

In other news, Director Gordon Keep sold 355,000 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of C$0.27, for a total value of C$95,850.00. Also, Director Christopher Ross Batalha acquired 700,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were bought at an average price of C$0.18 per share, with a total value of C$126,000.00. Over the last 90 days, insiders have sold 541,464 shares of company stock valued at $133,734. 107.26% of the stock is currently 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.