Insider Buying: Oceanic Iron Ore Corp. (CVE:FEO) Director Acquires C$126,000.00 in Stock

Oceanic Iron Ore Corp. (CVE:FEO) Director Christopher Ross Batalha purchased 700,000 shares of the stock in a transaction on Friday, November 22nd. The stock was acquired at an average price of C$0.18 per share, with a total value of C$126,000.00.

Oceanic Iron Ore Price Performance

FEO opened at C$0.17 on Friday. Oceanic Iron Ore Corp. has a 1 year low of C$0.05 and a 1 year high of C$0.33. The company’s 50 day simple moving average is C$0.18 and its 200 day simple moving average is C$0.12. The stock has a market capitalization of C$18.71 million, a PE ratio of -8.50 and a beta of 0.99. The company has a debt-to-equity ratio of 15.79, a quick ratio of 0.43 and a current ratio of 0.03.

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.