Opus One Gold (CVE:OOR) Shares Up 11.1% – Should You Buy?

Shares of Opus One Gold Co. (CVE:OOR) traded up 11.1% during mid-day trading on Monday. The company traded as high as C$0.05 and last traded at C$0.05. Approximately 103,000 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 212,898 shares. The stock had previously closed at C$0.04.

Opus One Gold Price Performance

The company’s 50 day simple moving average is C$0.05 and its 200-day simple moving average is C$0.06. The company has a market capitalization of C$14.15 million, a price-to-earnings ratio of -5.00 and a beta of 2.98. The company has a current ratio of 0.12, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25.

Insider Activity

In other Opus One Gold news, Director Jean-David Moore acquired 600,000 shares of the stock in a transaction dated Thursday, September 3rd. The stock was acquired at an average price of C$0.06 per share, with a total value of C$36,000.00. Following the completion of the transaction, the director directly owned 14,000,000 shares in the company, valued at approximately C$840,000. This trade represents a 4.48% increase in their ownership of the stock. Insiders acquired a total of 1,120,000 shares of company stock worth $62,200 in the last 90 days. 3.64% of the stock is owned by company insiders.

About Opus One Gold

Opus One Gold Corporation engages in the acquisition, exploration, and evaluation of mineral properties primarily in Canada. It explores for gold and base metals. The company holds 100% interests in the Courville project situated in Courville Township, Quebec; La Grande property that consists of 3 claim blocks covering an area of 1,541 hectares located within the La Grande lithium exploration district; and Wemindji property that comprises 1 claim block covering an area of 2,590 hectares located in James Bay, Quebec.