Orezone Gold (ORE) Rating Reiterated by Beacon Securities

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Orezone Gold (CVE:ORE)‘s stock had its “buy” rating reaffirmed by research analysts at Beacon Securities in a note issued to investors on Wednesday.

Shares of CVE:ORE remained flat at $C$0.68 during midday trading on Wednesday. Orezone Gold has a twelve month low of C$0.57 and a twelve month high of C$1.02.

Orezone Gold (CVE:ORE) last released its quarterly earnings results on Wednesday, August 22nd. The company reported C($0.03) earnings per share (EPS) for the quarter.

In other news, insider Sun Valley Gold Llc purchased 56,200 shares of the business’s stock in a transaction dated Wednesday, October 3rd. The stock was acquired at an average price of C$0.63 per share, with a total value of C$35,406.00. Also, Director Michael Henreid Halvorson purchased 250,000 shares of the business’s stock in a transaction dated Wednesday, August 15th. The shares were purchased at an average cost of C$0.60 per share, with a total value of C$150,000.00. Insiders have bought a total of 1,491,200 shares of company stock valued at $901,946 in the last ninety days.

Orezone Gold Company Profile

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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