Opus One Gold (CVE:OOR) Trading Down 9.1% – Should You Sell?

Opus One Gold Co. (CVE:OOR) traded down 9.1% during trading on Monday . The stock traded as low as C$0.05 and last traded at C$0.05. 104,000 shares were traded during trading, a decline of 52% from the average daily volume of 215,911 shares. The stock had previously closed at C$0.06.

Opus One Gold Stock Performance

The company’s 50-day moving average is C$0.05 and its two-hundred day moving average is C$0.06. The company has a market capitalization of C$14.15 million, a P/E ratio of -5.00 and a beta of 3.37. The company has a quick ratio of 0.44, a current ratio of 0.12 and a debt-to-equity ratio of 0.25.

Insider Buying and Selling

In related news, Director Jean-David Moore purchased 600,000 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were purchased at an average price 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 of the company’s stock, valued at approximately C$840,000. This represents a 4.48% increase in their ownership of the stock. Over the last three months, insiders have purchased 1,120,000 shares of company stock valued at $62,200. 3.64% of the stock is owned by insiders.

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.