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

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

Specifically, Director Jean-David Moore purchased 600,000 shares of the stock in a transaction on Thursday, September 3rd. The stock was acquired at an average price 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 C$840,000. The trade was a 4.48% increase in their ownership of the stock.

Opus One Gold Trading Up 11.1%

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 company has a debt-to-equity ratio of 0.25, a current ratio of 0.12 and a quick ratio of 0.44. The company’s fifty day moving average price is C$0.05 and its 200-day moving average price is C$0.06.

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.