Orezone Gold (ORE) has notable insider buying

Orezone Gold (T:ORE)

Orezone Gold Corporation (ORE) has a high amount of executive buying compared to its small-cap peers over the past three months. Patrick Downey, CEO and Director, acquired 75,000 Common Shares on a direct ownership basis at prices ranging from $0.540 and $0.550 through the public market on October 31st, 2018. This represents a $41,230 investment into the company's shares and an account share holdings change of 2.8%.

Orezone Gold Corporation is a Canada-based development-stage company. The Company is engaged in the exploration and development of gold properties in Burkina Faso, West Africa. The Company operates through the acquisition, exploration and potential development of precious metal properties segment. The Company has over two advanced-stage exploration gold projects in Burkina Faso: Bombore and Bondi. The Company is developing its Bombore project towards transition into a mining operation. The Bombore project is situated approximately 80 kilometers east of the capital city, Ouagadougou. The Company's Bondi project consists of the Djarkadougou (approximately 170 square kilometers) permit, which is located in the Bougouriba province. The Bondi project contains over 282,000 ounce (oz) of measured and indicated gold resources at a grade of approximately 2.12 grams per ton (g/t) and over 150,000 oz of inferred resources at a grade of approximately 1.84 g/t. It has not generated any revenue.