Oceanic Iron Ore Corp. (CVE:FEO) Director Purchases C$25,000.00 in Stock

Oceanic Iron Ore Corp. (CVE:FEO) Director Steven Dean purchased 500,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was acquired at an average cost of C$0.05 per share, with a total value of C$25,000.00.

Oceanic Iron Ore Stock Performance

Oceanic Iron Ore stock opened at C$0.06 on Thursday. The stock has a 50-day simple moving average of C$0.06 and a 200 day simple moving average of C$0.06. The company has a quick ratio of 0.43, a current ratio of 0.21 and a debt-to-equity ratio of 8.51. Oceanic Iron Ore Corp. has a 12-month low of C$0.05 and a 12-month high of C$0.09. The stock has a market capitalization of C$6.57 million, a price-to-earnings ratio of -6.50 and a beta of 1.12.

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.