Insider Buying: Orezone Gold Co. (CVE:ORE) Senior Officer Purchases 36,000 Shares of Stock

Orezone Gold Co. (CVE:ORE) Senior Officer Kevin James Mackenzie acquired 36,000 shares of Orezone Gold stock in a transaction that occurred on Thursday, July 11th. The shares were purchased at an average price of C$0.68 per share, with a total value of C$24,300.00.

Orezone Gold Price Performance

ORE stock remained flat at C$1.25 during midday trading on Thursday. The company’s stock had a trading volume of 149,841 shares, compared to its average volume of 229,152. Orezone Gold Co. has a 1-year low of C$0.87 and a 1-year high of C$1.70. The business has a 50 day moving average price of C$1.25 and a 200 day moving average price of C$1.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.56 and a quick ratio of 2.30. The company has a market capitalization of C$404.42 million and a price-to-earnings ratio of -14.88.

Orezone Gold (CVE:ORE) last announced its quarterly earnings results on Monday, May 13th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.02). The business had revenue of C$87.20 million for the quarter, compared to the consensus estimate of C$88.32 million. On average, analysts anticipate that Orezone Gold Co. will post 0.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Raymond James cut their price target on Orezone Gold from C$1.65 to C$1.40 in a report on Wednesday, May 8th. CIBC boosted their price objective on Orezone Gold from C$1.25 to C$1.50 in a research note on Wednesday. Pi Financial decreased their target price on shares of Orezone Gold from C$1.60 to C$1.50 in a research note on Tuesday, April 2nd. TD Securities dropped their price target on shares of Orezone Gold from C$1.50 to C$1.25 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Finally, Ventum Financial lifted their target price on shares of Orezone Gold from C$1.60 to C$1.70 in a research note on Tuesday, May 28th.

About Orezone Gold

Orezone Gold Corporation engages in the acquisition, exploration, and development of resource properties. Its flagship property is the 90%-owned Bomboré gold project located in Burkina Faso, West Africa. The company was incorporated in 2008 and is headquartered in Vancouver, Canada.