Orezone Gold (ORE) Hits New 52-Week High at $0.90

Shares of Orezone Gold Corp (CVE:ORE) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$0.90 and last traded at C$0.83, with a volume of 103479 shares changing hands. The stock had previously closed at C$0.86.

Separately, BMO Capital Markets cut their target price on shares of Orezone Gold from C$1.00 to C$0.85 in a research note on Monday, October 2nd.

The company has a market cap of $141.69, a P/E ratio of -15.33 and a beta of 0.61.

Orezone Gold (CVE:ORE) last posted its quarterly earnings results on Wednesday, November 29th. The company reported C($0.02) earnings per share for the quarter.

In related news, Director Patrick Downey purchased 100,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were acquired at an average cost of C$0.70 per share, with a total value of C$70,000.00. Insiders bought 298,500 shares of company stock worth $207,290 over the last ninety days.

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Orezone Gold Company Profile

Orezone Gold Corporation engages in the investigation, acquisition, exploration, development, and operation of resource projects, primarily gold in Burkina Faso, West Africa. It owns a 90% interest in the Bomboré undeveloped oxide gold deposit covering 168 square kilometers in Burkina Faso. The company was incorporated in 2008 and is headquartered in Ottawa, Canada.

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