Oceanic Iron Ore Corp. (CVE:FEO) Director Steven Dean Acquires 500,000 Shares

Oceanic Iron Ore Corp. (CVE:FEO) Director Steven Dean bought 500,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were acquired at an average price of C$0.05 per share, for a total transaction of C$25,000.00.

Oceanic Iron Ore Price Performance

FEO traded up C$0.01 during midday trading on Monday, reaching C$0.06. 794,000 shares of the company’s stock were exchanged, compared to its average volume of 97,094. The company has a quick ratio of 0.43, a current ratio of 0.21 and a debt-to-equity ratio of 8.51. The business has a 50-day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.06. The firm has a market capitalization of C$5.94 million, a price-to-earnings ratio of -6.50 and a beta of 1.10. Oceanic Iron Ore Corp. has a one year low of C$0.05 and a one year high of C$0.09.

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.