Ventum Financial Issues Pessimistic Forecast for Orezone Gold (CVE:ORE) Stock Price

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

Orezone Gold Price Performance

CVE ORE opened at C$1.25 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.56 and a quick ratio of 2.30. The stock has a market capitalization of C$404.42 million and a PE ratio of -14.88. Orezone Gold has a 1 year low of C$0.87 and a 1 year high of C$1.70. The business’s 50-day moving average is C$1.25 and its 200 day moving average is C$1.25.

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.