Jeremy Langford Acquires 128,500 Shares of Oceanic Iron Ore (CVE:FEO) Stock

Oceanic Iron Ore Corp. (CVE:FEO) Director Jeremy Langford acquired 128,500 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were acquired at an average price of C$0.78 per share, for a total transaction of C$100,230.00. Following the acquisition, 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 Price Performance

FEO stock opened at C$0.77 on Friday. Oceanic Iron Ore Corp. has a 52-week low of C$0.19 and a 52-week high of C$1.15. The stock’s fifty day simple moving average is C$0.81 and its 200-day simple moving average is C$0.81. 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 market capitalization of C$200.68 million, a price-to-earnings ratio of -1.05 and a beta of 3.06.

Analyst Ratings Changes

Separately, Haywood Securities set a C$2.00 target price on shares of Oceanic Iron Ore and gave the company a “buy” rating in a report on Tuesday, April 7th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Oceanic Iron Ore has a consensus rating of “Buy” and an average price target 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.