Oceanic Iron Ore (CVE:FEO) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Oceanic Iron Ore Corp. (CVE:FEO)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.11 and traded as high as C$0.21. Oceanic Iron Ore shares last traded at C$0.20, with a volume of 176,223 shares traded.

Oceanic Iron Ore Stock Performance

The company has a quick ratio of 0.43, a current ratio of 0.03 and a debt-to-equity ratio of 15.79. The stock has a fifty day moving average price of C$0.16 and a 200-day moving average price of C$0.11. The firm has a market cap of C$22.02 million, a price-to-earnings ratio of -10.00 and a beta of 0.99.

Oceanic Iron Ore (CVE:FEO) last announced its quarterly earnings data on Thursday, August 22nd. The company reported C($0.02) earnings per share (EPS) for the quarter. On average, analysts expect that Oceanic Iron Ore Corp. will post -0.06 earnings per share for the current fiscal year.

Insider Activity at Oceanic Iron Ore

In other news, Director Gordon Keep sold 355,000 shares of the 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 transaction of C$95,850.00. Insiders sold a total of 541,464 shares of company stock worth $133,734 over the last 90 days. Company 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.