Oceanic Iron Ore (CVE:FEO) Director Jeremy Langford Buys 128,500 Shares

Oceanic Iron Ore Corp. (CVE:FEO) Director Jeremy Langford bought 128,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was bought at an average price of C$0.78 per share, for a total transaction of C$100,230.00. Following the completion of the acquisition, the director directly owned 128,500 shares in the company, valued at approximately C$100,230. The trade was a ∞ increase in their ownership of the stock.

Oceanic Iron Ore Stock Performance

Shares of FEO stock opened at C$0.78 on Friday. Oceanic Iron Ore Corp. has a 1-year low of C$0.19 and a 1-year high of C$1.15. The company has a current ratio of 0.03, a quick ratio of 0.43 and a debt-to-equity ratio of 15.79. The company has a market capitalization of C$203.29 million, a price-to-earnings ratio of -1.07 and a beta of 3.06. The stock’s fifty day simple moving average is C$0.81 and its 200-day simple moving average is C$0.81.

Analyst Upgrades and Downgrades

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

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. 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.