Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report) Director Jeremy Langford purchased 128,500 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were bought at an average price of C$0.78 per share, with a total value of C$100,230.00. Following the purchase, the director directly owned 128,500 shares of the company’s stock, valued at approximately C$100,230. The trade was a ∞ increase in their ownership of the stock.
Oceanic Iron Ore Stock Performance
Shares of Oceanic Iron Ore stock traded down C$0.02 during trading hours on Thursday, hitting C$0.78. 34,600 shares of the company were exchanged, compared to its average volume of 124,300. Oceanic Iron Ore Corp. has a 1 year low of C$0.19 and a 1 year high of C$1.15. 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 business has a 50-day moving average of C$0.81 and a 200-day moving average of C$0.81. The stock has a market capitalization of C$203.29 million, a price-to-earnings ratio of -1.07 and a beta of 3.06.
Analyst Upgrades and Downgrades
Separately, Haywood Securities set a C$2.00 price objective on Oceanic Iron Ore and gave the stock a “buy” rating in a research report on Tuesday, April 7th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$2.00.
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. The company was formerly known as Pacific Harbour Capital Ltd. and changed its name to Oceanic Iron Ore Corp. in November 2010. Oceanic Iron Ore Corp.
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