Key Points
- Director Jeremy Langford bought 128,500 shares of Oceanic Iron Ore on May 27 at an average price of C$0.78, spending a total of C$100,230.
- After the purchase, Langford directly owned 128,500 shares, valued at about C$100,230, marking a significant increase in his stake.
- Analyst sentiment remains positive, with Haywood Securities assigning a C$2.00 price target and a Buy rating, above the stock’s recent C$0.78 trading price.
Oceanic Iron Ore Corp. (CVE:FEO - Get Free Report) Director Jeremy Langford bought 128,500 shares of the stock in a transaction on Wednesday, May 27th. The stock was purchased at an average price of C$0.78 per share, for a total transaction of C$100,230.00. Following the purchase, the director directly owned 128,500 shares of the company's stock, valued at approximately C$100,230. This represents a ∞ increase in their ownership of the stock.
Oceanic Iron Ore Stock Performance
Shares of CVE FEO opened at C$0.78 on Friday. The business's 50-day moving average price is C$0.81 and its two-hundred day moving average price is C$0.81. The company has a debt-to-equity ratio of 15.79, a current ratio of 0.03 and a quick ratio of 0.43. Oceanic Iron Ore Corp. has a one year low of C$0.19 and a one year high of C$1.15. The company has a market capitalization of C$203.29 million, a P/E ratio of -1.07 and a beta of 3.06.
Analyst Ratings Changes
Separately, Haywood Securities set a C$2.00 target price on Oceanic Iron Ore and gave the company a "buy" rating in a research note on Tuesday, April 7th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of C$2.00.
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About Oceanic Iron Ore
(
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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.
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