Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report)’s share price hit a new 52-week high on Friday . The stock traded as high as C$1.15 and last traded at C$1.09, with a volume of 536365 shares changing hands. The stock had previously closed at C$0.93.
Oceanic Iron Ore Stock Up 11.8%
The firm has a 50 day simple moving average of C$0.66 and a two-hundred day simple moving average of C$0.36. 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 stock has a market cap of C$154.38 million, a P/E ratio of -8.00 and a beta of 2.49.
Insiders Place Their Bets
In other news, Director Gordon Keep sold 100,000 shares of the business’s stock in a transaction on Monday, July 7th. The stock was sold at an average price of C$0.29, for a total value of C$29,000.00. 9.00% 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.
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