Opus One Gold (CVE:OOR) Reaches New 12-Month Low – Time to Sell?

Opus One Gold Co. (CVE:OOR) reached a new 52-week low during mid-day trading on Monday. The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 2,000 shares changing hands. The stock had previously closed at C$0.05.

Opus One Gold Price Performance

The company has a fifty day simple moving average of C$0.05 and a 200-day simple moving average of C$0.06. The company has a market cap of C$14.15 million, a P/E ratio of -5.00 and a beta of 2.98. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.12 and a quick ratio of 0.44.

Insider Activity

In related news, Director Jean-David Moore bought 600,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were acquired at an average cost of C$0.06 per share, for a total transaction of C$36,000.00. Following the acquisition, the director directly owned 14,000,000 shares of the company’s stock, valued at C$840,000. The trade was a 4.48% increase in their position. In the last 90 days, insiders acquired 1,120,000 shares of company stock valued at $62,200. Insiders own 3.64% of the company’s stock.

Opus One Gold Company Profile

Opus One Gold Corporation engages in the acquisition, exploration, and evaluation of mineral properties primarily in Canada. It explores for gold and base metals. The company holds 100% interests in the Courville project situated in Courville Township, Quebec; La Grande property that consists of 3 claim blocks covering an area of 1,541 hectares located within the La Grande lithium exploration district; and Wemindji property that comprises 1 claim block covering an area of 2,590 hectares located in James Bay, Quebec.