Orezone Gold Co. (CVE:ORE) Senior Officer Vanessa Pickering Sells 100,000 Shares

Orezone Gold Co. (CVE:ORE) Senior Officer Vanessa Pickering sold 100,000 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of C$0.81, for a total transaction of C$81,000.00.

Orezone Gold Stock Performance

Shares of ORE stock opened at C$1.25 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.30 and a current ratio of 2.56. Orezone Gold Co. has a fifty-two week low of C$0.87 and a fifty-two week high of C$1.70. The company has a market capitalization of C$404.42 million and a P/E ratio of -14.88. The stock has a 50 day moving average price of C$1.25 and a two-hundred day moving average price of C$1.25.

Orezone Gold (CVE:ORE) last posted its quarterly earnings results on Tuesday, March 26th. The company reported C$0.05 EPS for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.02). The company had revenue of C$92.01 million for the quarter. Analysts expect that Orezone Gold Co. will post 0.13 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on ORE. Pi Financial reduced their target price on Orezone Gold from C$1.60 to C$1.50 in a research note on Tuesday, April 2nd. Raymond James raised their price objective on Orezone Gold from C$1.50 to C$1.65 in a report on Tuesday, April 23rd. Finally, CIBC reduced their price target on shares of Orezone Gold from C$2.00 to C$1.50 in a research report on Monday, April 15th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$1.86.

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.