Insider Buying: Orezone Gold Co. (CVE:ORE) Senior Officer Buys C$24,300.00 in Stock

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

Orezone Gold Price Performance

ORE stock opened at C$1.25 on Friday. The stock has a market cap of C$404.42 million and a price-to-earnings ratio of -14.88. The company’s 50 day moving average is C$1.25 and its 200 day moving average is C$1.25. The company has a current ratio of 2.56, a quick ratio of 2.30 and a debt-to-equity ratio of 0.21. Orezone Gold Co. has a 1-year low of C$0.87 and a 1-year high of C$1.70.

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

Wall Street Analyst Weigh In

ORE has been the subject of a number of recent analyst reports. Raymond James decreased their target price on shares of Orezone Gold from C$1.40 to C$1.15 in a research report on Thursday. Pi Financial dropped their price objective on Orezone Gold from C$1.60 to C$1.50 in a research note on Tuesday, April 2nd. Ventum Financial dropped their price objective on Orezone Gold from C$1.70 to C$1.50 in a research note on Thursday. TD Securities lowered their target price on Orezone Gold from C$1.50 to C$1.25 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Finally, CIBC boosted their price objective on Orezone Gold from C$1.25 to C$1.50 in a research note on Wednesday.

Orezone Gold Company Profile

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.