Opus One Gold (CVE:OOR) Stock Price Up 22.2% After Insider Buying Activity

Opus One Gold Co. (CVE:OOR) rose 22.2% on Thursday after an insider bought additional shares in the company. The stock traded as high as C$0.06 and last traded at C$0.06. 2,554,000 shares changed hands during mid-day trading, an increase of 1,133% from the average session volume of 207,120 shares. The stock had previously closed at C$0.04.

Specifically, Director Jean-David Moore bought 600,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were 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 transaction, 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.

Opus One Gold Stock Up 11.1%

The company has a debt-to-equity ratio of 0.25, a current ratio of 0.12 and a quick ratio of 0.44. The stock has a market cap of C$14.15 million, a price-to-earnings ratio of -5.00 and a beta of 3.37. The firm’s 50-day moving average is C$0.05 and its 200 day moving average is C$0.06.

Opus One Gold Company Profile

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.