Ventum Financial Lowers Orezone Gold (CVE:ORE) Price Target to C$1.40

Orezone Gold (CVE:ORE) had its price target dropped by analysts at Ventum Financial from C$1.50 to C$1.40 in a report issued on Friday,BayStreet.CA reports. Ventum Financial’s price objective suggests a potential upside of 12.00% from the stock’s previous close.

Orezone Gold Stock Performance

Shares of CVE:ORE remained flat at C$1.25 on Friday. 149,842 shares of the company’s stock were exchanged, compared to its average volume of 229,152. The company has a quick ratio of 2.30, a current ratio of 2.56 and a debt-to-equity ratio of 0.21. The firm has a market cap of C$404.42 million and a P/E ratio of -14.88. The company’s fifty day moving average price is C$1.25 and its two-hundred day moving average price is C$1.25. Orezone Gold has a 1 year low of C$0.87 and a 1 year high of C$1.70.

About Orezone Gold

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.