Oceanic Iron Ore (CVE:FEO) Stock Price Down 4.8% – What’s Next?

Posted by Renee Jackson on Aug 21st, 2026

Shares of Oceanic Iron Ore Corp. (CVE:FEO – Get Free Report) traded down 4.8% during mid-day trading on Wednesday . The company traded as low as C$0.78 and last traded at C$0.80. 107,267 shares were traded during trading, a decline of 9% from the average daily volume of 117,554 shares. The stock had previously closed at C$0.84.

Analyst Ratings Changes

Separately, National Bank Financial set a C$1.70 price objective on Oceanic Iron Ore and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Oceanic Iron Ore has an average rating of “Buy” and an average target price of C$1.85.

Read Our Latest Research Report on Oceanic Iron Ore

Oceanic Iron Ore Price Performance

The stock’s fifty day moving average is C$0.69 and its two-hundred day moving average is C$0.79. 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 firm has a market cap of C$203.29 million, a P/E ratio of -1.07 and a beta of 2.84.

Insider Buying and Selling at Oceanic Iron Ore

In other Oceanic Iron Ore news, Director Jeremy Langford acquired 128,500 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were 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 transaction, the director owned 128,500 shares of the company’s stock, valued at approximately C$100,230. This represents a ∞ increase in their position. Insiders own 9.00% of the company’s stock.

Oceanic Iron Ore Company Profile

(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.