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 crossed 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 changing hands.

Oceanic Iron Ore Stock Up 66.7 %

The company has a fifty day moving average price of C$0.18 and a 200-day moving average price of C$0.14. The stock has a market capitalization of C$30.27 million, a P/E ratio of -13.75 and a beta of 0.99. The company has a quick ratio of 0.43, a current ratio of 0.03 and a debt-to-equity ratio of 15.79.

Insider Transactions at Oceanic Iron Ore

In related news, Director Christopher Ross Batalha acquired 700,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were acquired at an average cost of C$0.18 per share, for a total transaction of C$126,000.00. Also, Director Gordon Keep sold 355,000 shares of Oceanic Iron Ore stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of C$0.27, for a total value of C$95,850.00. Insiders have sold 541,464 shares of company stock valued at $133,734 in the last ninety days. Corporate insiders own 107.26% of the company’s stock.

About Oceanic Iron Ore

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.