WEBULL

Frank Giustra Bought 19% More Shares In Oceanic Iron Ore

Simply Wall St · 08/15 10:06

Investors who take an interest in Oceanic Iron Ore Corp. (CVE:FEO) should definitely note that insider Frank Giustra recently paid CA$0.25 per share to buy CA$560k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 19%.

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Oceanic Iron Ore Insider Transactions Over The Last Year

Notably, that recent purchase by Frank Giustra is the biggest insider purchase of Oceanic Iron Ore shares that we've seen in the last year. We do like to see buying, but this purchase was made at well below the current price of CA$0.47. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

In the last twelve months insiders purchased 3.38m shares for CA$789k. But they sold 1.65m shares for CA$347k. In total, Oceanic Iron Ore insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

View our latest analysis for Oceanic Iron Ore

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TSXV:FEO Insider Trading Volume August 15th 2025

Oceanic Iron Ore is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Does Oceanic Iron Ore Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 21% of Oceanic Iron Ore shares, worth about CA$9.8m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Oceanic Iron Ore Tell Us?

It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Insiders likely see value in Oceanic Iron Ore shares, given these transactions (along with notable insider ownership of the company). So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Our analysis shows 5 warning signs for Oceanic Iron Ore (3 are potentially serious!) and we strongly recommend you look at them before investing.

But note: Oceanic Iron Ore may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.