Orezone Gold Co. (ORE.V) (CVE:ORE)’s share price was down 0.9% during mid-day trading on Thursday . The stock traded as low as C$1.08 and last traded at C$1.10. Approximately 118,823 shares traded hands during trading, a decline of 54% from the average daily volume of 259,373 shares. The stock had previously closed at C$1.11.
A number of brokerages recently weighed in on ORE. Canaccord Genuity upped their target price on shares of Orezone Gold Co. (ORE.V) from C$2.25 to C$2.50 in a research report on Tuesday, December 8th. Raymond James set a C$1.75 price objective on shares of Orezone Gold Co. (ORE.V) and gave the company a “strong-buy” rating in a report on Saturday, November 28th.
The company has a debt-to-equity ratio of 1.20, a quick ratio of 8.05 and a current ratio of 8.52. The firm has a market capitalization of C$277.88 million and a PE ratio of -13.92. The company has a fifty day moving average price of C$0.94 and a 200-day moving average price of C$0.87.
In related news, Director Patrick Downey purchased 35,000 shares of the company’s stock in a transaction that occurred on Friday, October 23rd. The stock was bought at an average price of C$0.89 per share, for a total transaction of C$31,150.00. Following the completion of the transaction, the director now owns 4,752,500 shares in the company, valued at approximately C$4,229,725.
About Orezone Gold Co. (ORE.V) (CVE:ORE)
Orezone Gold Corporation engages in the acquisition, exploration, and development of resource properties. Its flagship property is the 90%-owned BomborÃ© gold project located in Burkina Faso, West Africa. The company was incorporated in 2008 and is headquartered in Vancouver, Canada.
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