Insider Buying: Orezone Gold Corp (CVE:ORE) Director Purchases 57,500 Shares of Stock

Orezone Gold Corp (CVE:ORE) Director Patrick Downey acquired 57,500 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was purchased at an average price of C$0.75 per share, with a total value of C$43,125.00. Following the completion of the transaction, the director now directly owns 4,219,000 shares of the company’s stock, valued at approximately C$3,164,250.

Patrick Downey also recently made the following trade(s):

  • On Wednesday, August 14th, Patrick Downey purchased 1,500 shares of Orezone Gold stock. The shares were acquired at an average cost of C$0.72 per share, for a total transaction of C$1,080.00.
  • On Wednesday, August 7th, Patrick Downey bought 256,000 shares of Orezone Gold stock. The stock was purchased at an average cost of C$0.72 per share, for a total transaction of C$184,320.00.
  • On Monday, July 15th, Patrick Downey bought 79,000 shares of Orezone Gold stock. The stock was purchased at an average cost of C$0.63 per share, for a total transaction of C$49,770.00.
  • On Thursday, July 11th, Patrick Downey bought 4,500 shares of Orezone Gold stock. The stock was purchased at an average cost of C$0.62 per share, for a total transaction of C$2,790.00.

Shares of Orezone Gold stock opened at C$0.74 on Friday. The stock has a market cap of $157.86 million and a price-to-earnings ratio of -9.02. The firm’s 50-day moving average is C$0.77 and its 200 day moving average is C$0.60. Orezone Gold Corp has a 1 year low of C$0.39 and a 1 year high of C$0.88. The company has a debt-to-equity ratio of 1.02, a current ratio of 8.74 and a quick ratio of 8.00.

Orezone Gold (CVE:ORE) last posted its earnings results on Friday, August 23rd. The company reported C($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.01) by C($0.02). On average, equities analysts expect that Orezone Gold Corp will post -0.04 EPS for the current fiscal year.

ORE has been the topic of a number of research analyst reports. Raymond James set a C$1.00 price objective on shares of Orezone Gold and gave the company an “outperform” rating in a research report on Friday, June 28th. Pi Financial boosted their target price on shares of Orezone Gold from C$1.15 to C$1.35 in a report on Wednesday, July 24th.

About Orezone Gold

Orezone Gold Corporation engages in the investigation, acquisition, exploration, development, and operation of resource projects. Its principal property is the Bomboré gold project located in Burkina Faso, West Africa. The company was incorporated in 2008 and is headquartered in Ottawa, Canada. Orezone Gold Corporation(TSXV:ORE) operates independently of IAMGOLD Burkina Faso Inc as of February 25, 2009.

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Insider Buying and Selling by Quarter for Orezone Gold (CVE:ORE)

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