Oceanic Iron Ore (CVE:FEO) Trading 2.9% Higher – Here’s What Happened

Posted by Anthony Miller on Jun 10th, 2026

Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report)’s share price traded up 2.9% on Wednesday . The company traded as high as C$0.72 and last traded at C$0.72. 412,911 shares traded hands during trading, an increase of 231% from the average session volume of 124,832 shares. The stock had previously closed at C$0.70.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Haywood Securities set a C$2.00 target price on shares of Oceanic Iron Ore and gave the company a “buy” rating in a research report on Tuesday, April 7th. National Bank Financial set a C$1.70 target price on shares of Oceanic Iron Ore and gave the company an “outperform” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$1.85.

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Oceanic Iron Ore Stock Performance

The company’s fifty day moving average is C$0.80 and its 200 day moving average is C$0.81. The company has a market capitalization of C$205.89 million, a P/E ratio of -1.08 and a beta of 2.71. The company has a current ratio of 0.03, a quick ratio of 0.43 and a debt-to-equity ratio of 15.79.

Insider Buying and Selling

In other news, Director Jeremy Langford purchased 128,500 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was purchased at an average cost of C$0.78 per share, with a total value of C$100,230.00. Following the acquisition, the director directly owned 128,500 shares in the company, valued at approximately C$100,230. This trade represents a ∞ increase in their ownership of the stock. 9.00% of the stock is currently owned by insiders.

About Oceanic Iron Ore

(Get Free Report)

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.