Opus One Gold (CVE:OOR) Reaches New 1-Year Low – Time to Sell?

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

Opus One Gold Stock Down 18.2%

The stock has a fifty day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.06. The firm has a market cap of C$12.73 million, a PE ratio of -4.50 and a beta of 2.98. The company has a current ratio of 0.12, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25.

Insider Transactions at Opus One Gold

In other news, Director Jean-David Moore purchased 600,000 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was purchased at an average cost of C$0.06 per share, with a total value of C$36,000.00. Following the acquisition, the director directly 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. In the last 90 days, insiders have purchased 1,120,000 shares of company stock valued at $62,200. 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.