Orezone Gold (ORE) Hits New 1-Year Low at $0.41

Shares of Orezone Gold Corp (CVE:ORE) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.41 and last traded at C$0.43, with a volume of 24600 shares changing hands. The stock had previously closed at C$0.42.

Separately, Raymond James lowered their target price on Orezone Gold from C$1.10 to C$1.00 in a report on Monday, April 8th.

The firm has a market cap of $89.17 million and a PE ratio of -5.45.

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

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Orezone Gold Company Profile (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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