Beacon Securities restated their buy rating on shares of Orezone Gold (CVE:ORE) in a research note issued to investors on Wednesday morning.

ORE stock opened at C$0.68 on Wednesday. Orezone Gold has a 1-year low of C$0.57 and a 1-year high of C$1.02.

Orezone Gold (CVE:ORE) last posted its earnings results on Wednesday, August 22nd. The company reported C($0.03) earnings per share 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 shares were bought at an average cost of C$0.63 per share, for a total transaction 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 stock was purchased at an average price of C$0.60 per share, for a total transaction of C$150,000.00. Over the last quarter, insiders have acquired 1,491,200 shares of company stock worth $901,946.

About Orezone Gold

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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