Opus One Gold (CVE:OOR) Shares Up 11.1% – Should You Buy?

Shares of Opus One Gold Co. (CVE:OOR) were up 11.1% during trading on Monday. The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 103,000 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 212,898 shares. The stock had previously closed at C$0.04.

Opus One Gold Price Performance

The company has a market capitalization of C$12.73 million, a P/E ratio of -4.50 and a beta of 3.55. The business’s 50-day moving average is C$0.05 and its two-hundred day moving average is C$0.06. The company has a quick ratio of 0.44, a current ratio of 0.12 and a debt-to-equity ratio of 0.25.

Insider Activity

In other Opus One Gold news, Director Jean-David Moore purchased 600,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The stock was bought at an average cost of C$0.06 per share, with a total value of C$36,000.00. Following the completion of the transaction, the director owned 14,000,000 shares of the company’s stock, valued at C$840,000. The trade was a 4.48% increase in their position. Insiders purchased 1,120,000 shares of company stock valued at $62,200 over the last three months. Corporate insiders own 3.64% of the company’s stock.

About Opus One Gold

Opus One Gold Corporation engages in the acquisition, exploration, and evaluation of mineral properties primarily in Canada. It explores for gold and base metals. The company holds 100% interests in the Courville project situated in Courville Township, Quebec; La Grande property that consists of 3 claim blocks covering an area of 1,541 hectares located within the La Grande lithium exploration district; and Wemindji property that comprises 1 claim block covering an area of 2,590 hectares located in James Bay, Quebec.