Insider Buying: Orezone Gold Co. (CVE:ORE) Senior Officer Purchases 100,000 Shares of Stock

Orezone Gold Co. (CVE:ORE) Senior Officer Ryan Goodman purchased 100,000 shares of the firm’s stock in a transaction on Friday, April 19th. The shares were purchased at an average cost of C$0.84 per share, with a total value of C$83,940.00.

Orezone Gold Stock Performance

Shares of ORE opened at C$1.25 on Friday. The business’s 50-day moving average price is C$1.25 and its 200 day moving average price 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. The stock has a market capitalization of C$404.42 million and a P/E ratio of -14.88. 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 released its earnings results on Tuesday, March 26th. The company reported C$0.05 earnings per share for the quarter, missing the consensus estimate of C$0.07 by C($0.02). The firm had revenue of C$92.01 million for the quarter. Analysts expect that Orezone Gold Co. will post 0.13 earnings per share for the current year.

Analyst Ratings Changes

ORE has been the subject of several research reports. CIBC decreased their target price on Orezone Gold from C$2.00 to C$1.50 in a research note on Monday, April 15th. Raymond James raised their price objective on shares of Orezone Gold from C$1.50 to C$1.65 in a research report on Tuesday, April 23rd. Finally, Pi Financial dropped their target price on shares of Orezone Gold from C$1.60 to C$1.50 in a report on Tuesday, April 2nd. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$1.86.

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.