Alun Robert Doyle Buys 30,000 Shares of Orezone Gold Co. (CVE:ORE) Stock

Orezone Gold Co. (CVE:ORE) Director Alun Robert Doyle bought 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The stock was bought at an average cost of C$0.68 per share, for a total transaction of C$20,361.00.

Orezone Gold Stock Performance

Shares of ORE opened at C$1.25 on Friday. The firm 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. 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 50 day simple moving average of C$1.25 and a two-hundred day simple moving average of C$1.25.

Orezone Gold (CVE:ORE) last posted its earnings results on Monday, May 13th. The company reported C$0.03 earnings per share for the quarter, missing the consensus estimate of C$0.05 by C($0.02). The company had revenue of C$87.20 million for the quarter, compared to the consensus estimate of C$88.32 million. On average, equities analysts expect that Orezone Gold Co. will post 0.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ORE has been the topic of several recent research reports. TD Securities decreased their price objective on Orezone Gold from C$1.50 to C$1.25 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Ventum Financial lowered their price target on shares of Orezone Gold from C$1.70 to C$1.50 in a report on Thursday. CIBC upped their price target on shares of Orezone Gold from C$1.25 to C$1.50 in a research report on Wednesday. Pi Financial decreased their price objective on shares of Orezone Gold from C$1.60 to C$1.50 in a research report on Tuesday, April 2nd. Finally, Raymond James dropped their target price on shares of Orezone Gold from C$1.40 to C$1.15 in a report on Thursday.

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.