Orezone Gold (ORE) Hits New 12-Month Low at $0.40

Orezone Gold Corp (CVE:ORE)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as C$0.40 and last traded at C$0.40, with a volume of 437823 shares traded. The stock had previously closed at C$0.43.

Separately, Raymond James set a C$1.10 price target on Orezone Gold and gave the company an “outperform” rating in a research report on Friday, February 22nd.

The stock has a market cap of $91.30 million and a PE ratio of -5.58.

In other Orezone Gold news, Director Patrick Downey purchased 100,000 shares of the stock in a transaction dated Friday, May 3rd. The shares were bought at an average cost of C$0.44 per share, with a total value of C$43,570.00. Following the completion of the transaction, the director now owns 3,328,000 shares in the company, valued at approximately C$1,450,009.60.

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About Orezone Gold (CVE:ORE)

Orezone Gold Corporation engages in the investigation, acquisition, exploration, development, and operation of resource projects. Its principal property is the Bomboré gold project located in Burkina Faso, West Africa. The company was incorporated in 2008 and is headquartered in Ottawa, Canada. Orezone Gold Corporation(TSXV:ORE) operates independently of IAMGOLD Burkina Faso Inc as of February 25, 2009.

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