Ventum Financial Has Lowered Expectations for Orezone Gold (CVE:ORE) Stock Price

Orezone Gold (CVE:ORE) had its price target lowered by research analysts at Ventum Financial from C$1.50 to C$1.40 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Ventum Financial’s price objective points to a potential upside of 12.00% from the company’s previous close.

Orezone Gold Price Performance

ORE remained flat at C$1.25 during trading on Friday. The company’s stock had a trading volume of 149,842 shares, compared to its average volume of 229,152. The business’s fifty day simple moving average is C$1.25 and its two-hundred day simple moving average is C$1.25. The stock has a market capitalization of C$404.42 million and a price-to-earnings 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 has a 12-month low of C$0.87 and a 12-month high of C$1.70.

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.