Opus One Gold (CVE:OOR) Hits New 12-Month Low – Here’s Why

Opus One Gold Co. (CVE:OOR) shares reached a new 52-week low on Wednesday. The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 441000 shares changing hands. The stock had previously closed at C$0.06.

Opus One Gold Trading Down 18.2%

The firm’s 50-day simple moving average is C$0.05 and its 200 day simple moving average is C$0.06. The firm has a market cap of C$12.73 million, a P/E ratio of -4.50 and a beta of 2.98. 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 Buying and Selling

In other news, Director Jean-David Moore acquired 600,000 shares of Opus One Gold stock in a transaction on Thursday, September 3rd. The stock was acquired at an average cost of C$0.06 per share, with a total value of C$36,000.00. Following the completion of the acquisition, the director owned 14,000,000 shares in the company, valued at approximately C$840,000. This trade represents a 4.48% increase in their ownership of the stock. Insiders purchased a total of 1,120,000 shares of company stock valued at $62,200 in the last quarter. 3.64% of the stock is currently owned by corporate insiders.

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.