Orezone Gold (ORE) Receives “Buy” Rating from Beacon Securities

Beacon Securities reiterated their buy rating on shares of Orezone Gold (CVE:ORE) in a research note published on Wednesday morning.

ORE stock remained flat at $C$0.68 during midday trading on Wednesday. Orezone Gold has a one year low of C$0.57 and a one year high of C$1.02.

Orezone Gold (CVE:ORE) last issued its quarterly earnings data on Wednesday, August 22nd. The company reported C($0.03) earnings per share (EPS) for the quarter.

In other Orezone Gold news, insider Sun Valley Gold Llc purchased 56,200 shares of Orezone Gold stock in a transaction dated Wednesday, October 3rd. The shares were purchased at an average cost of C$0.63 per share, for a total transaction of C$35,406.00. Also, Director Michael Henreid Halvorson purchased 250,000 shares of Orezone Gold stock in a transaction dated Wednesday, August 15th. The stock was acquired at an average price of C$0.60 per share, for a total transaction of C$150,000.00. Over the last 90 days, insiders have acquired 1,491,200 shares of company stock worth $901,946.

About Orezone Gold

Orezone Gold Corporation engages in the investigation, acquisition, exploration, development, and operation of resource projects. Its principal property is the Bomboré gold project located in Burkina Faso, West Africa. The company was incorporated in 2008 and is headquartered in Ottawa, Canada. Orezone Gold Corporation(TSXV:ORE) operates independently of IAMGOLD Burkina Faso Inc as of February 25, 2009.

Featured Story: What is a Leveraged Buyout (LBO)?

Receive News & Ratings for Orezone Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orezone Gold and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply