Orezone Gold Co. (CVE:ORE – Get Free Report) insider Resource Capital Fund VII L.P. sold 40,000,000 shares of the business’s stock in a transaction on Thursday, April 17th. The stock was sold at an average price of C$1.15, for a total transaction of C$46,000,000.00.
Orezone Gold Price Performance
Shares of CVE:ORE opened at C$1.25 on Wednesday. Orezone Gold Co. has a 1 year low of C$0.87 and a 1 year high of C$1.70. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.56 and a quick ratio of 2.30. The business’s 50-day moving average is C$1.25 and its 200-day moving average is C$1.25. The company has a market capitalization of C$404.42 million and a price-to-earnings ratio of -14.88.
Wall Street Analysts Forecast Growth
Separately, Ventum Financial reduced their price target on Orezone Gold from C$1.50 to C$1.40 in a research report on Friday, March 21st.
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.
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