Shares of Orezone Gold Corp (CVE:ORE) were down 3.1% during mid-day trading on Monday . The company traded as low as C$0.63 and last traded at C$0.63, approximately 9,930 shares were traded during mid-day trading. A decline of 92% from the average daily volume of 117,597 shares. The stock had previously closed at C$0.65.
Separately, Pi Financial upped their target price on shares of Orezone Gold from C$1.15 to C$1.35 in a report on Wednesday, July 24th.
The company has a debt-to-equity ratio of 1.02, a quick ratio of 8.00 and a current ratio of 8.74. The stock’s fifty day moving average price is C$0.71 and its 200-day moving average price is C$0.64. The company has a market capitalization of $134.40 million and a P/E ratio of -7.68.
In other Orezone Gold news, Senior Officer Ryan Goodman bought 40,000 shares of the stock in a transaction dated Wednesday, October 16th. The shares were bought at an average cost of C$0.66 per share, with a total value of C$26,400.00. Following the completion of the acquisition, the insider now owns 197,300 shares of the company’s stock, valued at C$130,218. Also, Director Patrick Downey bought 57,500 shares of the stock in a transaction dated Tuesday, September 17th. The shares were acquired at an average cost of C$0.75 per share, for a total transaction of C$43,125.00. Following the completion of the acquisition, the director now directly owns 4,219,000 shares of the company’s stock, valued at approximately C$3,164,250. Over the last three months, insiders acquired 99,000 shares of company stock worth $70,605.
About Orezone Gold (CVE:ORE)
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.
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