Opus One Gold (CVE:OOR) Hits New 52-Week Low – What’s Next?

Opus One Gold Co. (CVE:OOR) shares reached a new 52-week low during mid-day trading on Monday. The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 2,000 shares trading hands. The stock had previously closed at C$0.05.

Opus One Gold Stock Performance

The company has a quick ratio of 0.44, a current ratio of 0.12 and a debt-to-equity ratio of 0.25. The company has a market cap of C$14.15 million, a P/E ratio of -5.00 and a beta of 2.98. The business has a fifty day moving average of C$0.05 and a 200 day moving average of C$0.06.

Insider Activity

In other news, Director Jean-David Moore bought 600,000 shares of Opus One Gold stock in a transaction on Thursday, September 3rd. The shares were purchased at an average price of C$0.06 per share, for a total transaction of C$36,000.00. Following the acquisition, the director owned 14,000,000 shares of the company’s stock, valued at approximately C$840,000. The trade was a 4.48% increase in their ownership of the stock. Insiders have bought a total of 1,120,000 shares of company stock worth $62,200 in the last 90 days. 3.64% of the stock is owned by 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.