Orezone Gold Co. (CVE:ORE – Get Free Report) insider Resource Capital Fund VII L.P. sold 40,000,000 shares of Orezone Gold stock in a transaction dated 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 Thursday. The company has a 50 day moving average of C$1.25 and a 200 day moving average of C$1.25. The stock has a market cap of C$404.42 million and a P/E ratio of -14.88. Orezone Gold Co. has a 12 month low of C$0.87 and a 12 month high of C$1.70. The company has a current ratio of 2.56, a quick ratio of 2.30 and a debt-to-equity ratio of 0.21.
Wall Street Analyst Weigh In
Separately, Ventum Financial reduced their price objective on shares of Orezone Gold from C$1.50 to C$1.40 in a research note 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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