Gordon Keep Sells 70,000 Shares of Oceanic Iron Ore Corp. (CVE:FEO) Stock

Oceanic Iron Ore Corp. (CVE:FEO) Director Gordon Keep sold 70,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of C$0.24, for a total value of C$16,800.00.

Gordon Keep also recently made the following trade(s):

• On Tuesday, October 29th, Gordon Keep sold 355,000 shares of Oceanic Iron Ore stock. The shares were sold at an average price of C$0.27, for a total value of C$95,850.00.
• On Thursday, October 24th, Gordon Keep sold 25,000 shares of Oceanic Iron Ore stock. The shares were sold at an average price of C$0.21, for a total value of C$5,250.00.
• On Friday, October 18th, Gordon Keep sold 60,000 shares of Oceanic Iron Ore stock. The shares were sold at an average price of C$0.18, for a total value of C$10,800.00.
• On Friday, October 11th, Gordon Keep sold 31,464 shares of Oceanic Iron Ore stock. The shares were sold at an average price of C$0.16, for a total value of C$5,034.24.

Oceanic Iron Ore Price Performance

CVE:FEO traded up C$0.01 during trading hours on Tuesday, reaching C$0.24. The company had a trading volume of 332,707 shares, compared to its average volume of 154,104. The stock has a 50-day moving average of C$0.15 and a two-hundred day moving average of C$0.10. Oceanic Iron Ore Corp. has a one year low of C$0.05 and a one year high of C$0.33. The firm has a market capitalization of C$26.42 million, a PE ratio of -11.50 and a beta of 0.99. The company has a quick ratio of 0.43, a current ratio of 0.03 and a debt-to-equity ratio of 15.79.

Oceanic Iron Ore (CVE:FEO) last announced its quarterly earnings results on Thursday, August 22nd. The company reported C($0.02) earnings per share for the quarter. Analysts forecast that Oceanic Iron Ore Corp. will post -0.06 earnings per share for the current year.

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.