Orezone Gold (CVE:ORE) PT Set at C$3.75 by National Bank Financial

Orezone Gold (CVE:ORE) has been given a C$3.75 price target by analysts at National Bank Financial in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 200.00% from the company’s previous close.

Orezone Gold Price Performance

CVE ORE remained flat at C$1.25 during trading hours on Friday. The company had a trading volume of 149,842 shares, compared to its average volume of 229,152. Orezone Gold has a 52-week low of C$0.87 and a 52-week high of C$1.70. The stock has a market cap of C$404.42 million and a P/E ratio of -14.88. 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 fifty day moving average is C$1.25 and its 200 day moving average is C$1.25.

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.