Orezone Gold (CVE:ORE) PT Set at C$3.75 by National Bank Financial

Orezone Gold (CVE:ORE) has been assigned a C$3.75 target price by stock analysts at National Bank Financial in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 200.00% from the company’s current price.

Orezone Gold Stock Performance

CVE ORE remained flat at C$1.25 during trading hours on Friday. 149,842 shares of the company’s stock were exchanged, compared to its average volume of 229,152. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.30 and a current ratio of 2.56. The company has a 50 day moving average of C$1.25 and a 200-day moving average of C$1.25. Orezone Gold has a 1 year low of C$0.87 and a 1 year high of C$1.70. The company has a market cap of C$404.42 million and a PE ratio of -14.88.

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.