ORZCF
Orezone Gold Corporation
OTC Markets OTCQXUSDEQUITY
Basic Materials
DELAYED
Strong buy
+77/100
Last price
2.36
▲ 0.12 (5.36%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
—
Prev close
2.24
Day high
2.38
Day low
2.26
Volume
19.15K
Market cap
$1.58B
P/E (TTM)
13.11
52W range
0.89 – 2.40
Trailing performance
Returnvs SPY
1W
+5.83%
+4.3%
1M
+18.59%
+17.5%
3M
+49.37%
+46.3%
6M
+38.01%
+23.4%
YTD
+81.54%
+67.9%
1Y
+124.76%
+109.4%
3Y
+274.60%
+193.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
16 more panels on ORZCF open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
179.13M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 25, 26 | Tweed, Dale Murray Senior Officer of Issuer |
SELL | 44.71K | $96.00K | Direct |
| Aug 21, 26 | Tweed, Dale Murray Senior Officer of Issuer |
EXERCISE | 200.00K | $183.00K | Direct |
| Aug 21, 26 | Tweed, Dale Murray Senior Officer of Issuer |
— | 95.71K | — | Direct |
| Aug 21, 26 | Tweed, Dale Murray Senior Officer of Issuer |
SELL | 206.29K | $417.73K | Direct |
| Jul 22, 26 | Harvey (T. Sean) Director of Issuer |
SELL | 131.39K | $219.41K | Direct |
| Jun 22, 26 | Harvey (T. Sean) Director of Issuer |
EXERCISE | 181.39K | $102.48K | Direct |
| Jun 11, 26 | Ravenelle (Jean-Francois) Senior Officer of Issuer |
BUY | 100.00K | $156.30K | Direct |
| Jun 1, 26 | Pelletier (Marc-Andre) Senior Officer of Issuer |
— | 0 | — | Direct |
| May 20, 26 | Ravenelle (Jean-Francois) Senior Officer of Issuer |
BUY | 100.00K | $168.00K | Direct |
| May 18, 26 | Mallough (Amanda) Senior Officer of Issuer |
— | 0 | — | Direct |
| May 11, 26 | Ravenelle (Jean-Francois) Senior Officer of Issuer |
— | 0 | — | Direct |
| Mar 27, 26 | Conway (Joseph Francis) Director of Issuer |
EXERCISE | 58.00K | $43.85K | Direct |
| Mar 27, 26 | Conway (Joseph Francis) Director of Issuer |
SELL | 58.00K | $83.52K | Direct |
| Mar 27, 26 | Downey (Patrick Gerard) Director of Issuer |
EXERCISE | 165.00K | $124.74K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
Conway (Joseph Francis) |
Director of Issuer | 893.33K | Exercise of options |
Downey (Patrick Gerard) |
Director of Issuer | 7.94M | Exercise of options |
Goodman (Ryan) |
Senior Officer of Issuer | 961.59K | Acquisition or disposition in the public market |
Harcourt (Kate Jane) |
Director of Issuer | 503.00K | Exercise of options |
Harvey (T. Sean) |
Director of Issuer | 350.00K | Acquisition or disposition in the public market |
Henderson, Robert Duncan |
Senior Officer of Issuer | 268.93K | Exercise of rights |
Ousseni (Derra) |
Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) | 179.83K | Acquisition or disposition in the public market |
RCF Management L L C |
10% Security Holder of Issuer | — | Acquisition or disposition in the public market |
Ravenelle (Jean-Francois) |
Senior Officer of Issuer | 200.00K | Acquisition or disposition in the public market |
Tam, Peter |
Senior Officer of Issuer | 1.34M | Exercise for cash |
Fundamentals
Market cap$1.58B
Enterprise value$1.59B
Revenue (TTM)$656.97M
Gross profit$341.52M
EBITDA$312.64M
Net income$117.79M
EPS (TTM)$0.18
Free cash flow$88.67M
Total cash$96.67M
Total debt$101.37M
Book value / share$0.88
Shares outstanding668.10M
Float479.72M
Short % of float—
Dividend yield0.00%
Beta (5Y)1.22
Valuation & profitability ratios
Trailing P/E13.11
Forward P/E—
PEG ratio—
Price / sales—
Price / book2.67
EV / revenue2.42
EV / EBITDA5.09
Gross margin51.98%
Operating margin35.87%
Profit margin17.93%
Return on equity30.46%
Return on assets17.55%
Debt / equity16.90
Current ratio0.95
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $376.62M | $283.52M | $271.49M | $43.43M | +32.8% |
| Operating revenue | $376.62M | $283.52M | $271.49M | $43.43M | +32.8% |
| Cost of revenue | $206.68M | $165.81M | $174.34M | $26.77M | +24.6% |
| Gross profit | $169.95M | $117.71M | $97.15M | $16.66M | +44.4% |
| Selling, general & admin | $10.97M | $12.02M | $9.51M | $7.32M | -8.7% |
| Total operating expense | $18.93M | $13.63M | $15.23M | $15.37M | +38.9% |
| Operating income | $151.01M | $104.08M | $81.92M | $1.29M | +45.1% |
| Net interest income | -$9.35M | -$13.90M | -$14.95M | -$1.65M | +32.7% |
| Pre-tax income | $128.40M | $84.89M | $62.85M | $1.89M | +51.3% |
| Tax provision | $50.96M | $20.80M | $13.23M | $0 | +144.9% |
| Net income | $64.90M | $55.71M | $43.15M | $930.00K | +16.5% |
| Net income to common | $64.90M | $55.71M | $43.15M | $930.00K | +16.5% |
| Basic EPS | 0.12 | 0.14 | 0.12 | 0.00 | -14.3% |
| Diluted EPS | 0.11 | 0.13 | 0.12 | 0.00 | -15.4% |
| EBIT | $138.41M | $98.55M | $78.07M | $3.52M | +40.4% |
| EBITDA | $172.19M | $127.03M | $107.88M | $6.40M | +35.5% |
| Basic shares | 540.83M | 407.05M | 358.22M | 329.88M | +32.9% |
| Diluted shares | 589.99M | 414.26M | 368.31M | 346.65M | +42.4% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $97.95M | $74.02M | $19.48M | $9.16M | +32.3% |
| Cash & short-term investments | $97.95M | $74.02M | $19.48M | $9.16M | +32.3% |
| Inventory | $61.40M | $12.79M | $13.66M | $12.73M | +379.9% |
| Total current assets | $191.88M | $116.32M | $52.92M | $31.22M | +65.0% |
| Property, plant & equipment | $335.79M | $213.53M | $193.19M | $183.34M | +57.3% |
| Total assets | $666.86M | $448.58M | $320.08M | $252.28M | +48.7% |
| Total current liabilities | $182.13M | $84.00M | $83.42M | $73.78M | +116.8% |
| Current debt | $34.44M | — | $20.19M | $32.99M | — |
| Long-term debt | $43.68M | $80.44M | $72.36M | $88.85M | -45.7% |
| Total debt | $119.04M | $99.86M | $93.40M | $122.87M | +19.2% |
| Total liabilities | $256.33M | $184.57M | $173.72M | $181.95M | +38.9% |
| Retained earnings | -$73.99M | -$133.58M | -$189.29M | -$232.44M | +44.6% |
| Shareholder equity | $400.01M | $257.78M | $148.87M | $79.12M | +55.2% |
| Working capital | $9.75M | $32.33M | -$30.50M | -$42.56M | -69.8% |
| Net tangible assets | $400.01M | $257.78M | $148.87M | $79.12M | +55.2% |
| Shares issued | 598.26M | 466.11M | 365.06M | 336.33M | +28.4% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Net income | $77.44M | $64.08M | $49.62M | $1.89M | — | +20.8% |
| Depreciation & amortisation | — | — | — | $2.88M | $257.84K | — |
| Stock-based compensation | $2.83M | $2.76M | $2.19M | $1.85M | — | +2.4% |
| Change in working capital | -$46.13M | -$40.75M | -$43.08M | $559.00K | — | -13.2% |
| Operating cash flow | $99.48M | $57.70M | $79.95M | $6.58M | — | +72.4% |
| Capital expenditure | -$139.80M | -$47.01M | -$44.55M | -$106.05M | — | -197.4% |
| Investing cash flow | -$141.60M | -$45.97M | -$43.78M | -$105.98M | — | -208.0% |
| Dividends paid | $0 | $0 | $0 | $0 | — | — |
| Financing cash flow | $61.71M | $45.07M | -$25.38M | $74.03M | — | +36.9% |
| Free cash flow | -$40.33M | $10.69M | $35.40M | -$99.47M | — | -477.2% |
| End cash position | $97.95M | $74.02M | $19.48M | $9.16M | — | +32.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $271.63M | $185.94M | $130.45M | $68.95M | $94.51M | +46.1% |
| Operating revenue | $271.63M | $185.94M | $130.45M | $68.95M | $94.51M | +46.1% |
| Cost of revenue | $163.79M | $89.47M | $65.47M | $42.50M | $54.56M | +83.1% |
| Gross profit | $107.84M | $96.46M | $64.98M | $26.45M | $39.95M | +11.8% |
| Selling, general & admin | $5.80M | $8.25M | $2.73M | $2.38M | $2.48M | -29.8% |
| Total operating expense | $10.41M | $9.67M | $4.39M | $4.54M | $5.25M | +7.7% |
| Operating income | $97.43M | $86.80M | $60.60M | $21.91M | $34.70M | +12.3% |
| Net interest income | -$10.46M | -$3.81M | -$2.01M | -$1.99M | -$2.69M | -174.9% |
| Pre-tax income | $89.63M | $75.98M | $51.84M | $19.21M | $27.90M | +18.0% |
| Tax provision | $36.52M | $27.23M | $18.48M | $11.83M | $9.57M | +34.1% |
| Net income | $45.21M | $39.56M | $27.58M | $5.43M | $15.91M | +14.3% |
| Net income to common | $45.21M | $39.56M | $27.58M | $5.43M | $15.91M | +14.3% |
| Basic EPS | 0.07 | 0.07 | 0.05 | 0.01 | 0.03 | 0.0% |
| Diluted EPS | 0.06 | 0.06 | 0.05 | 0.01 | 0.03 | 0.0% |
| EBIT | $100.27M | $80.38M | $53.08M | $21.69M | $31.16M | +24.7% |
| EBITDA | $119.59M | $90.99M | $61.86M | $28.87M | $40.27M | +31.4% |
| Basic shares | 667.01M | 604.16M | 551.64M | 571.35M | 529.77M | +10.4% |
| Diluted shares | 735.11M | 671.04M | 551.64M | 633.79M | 592.07M | +9.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $96.67M | $48.34M | $97.95M | $85.33M | $72.59M | +100.0% |
| Cash & short-term investments | $96.67M | $48.34M | $97.95M | $85.33M | $72.59M | +100.0% |
| Inventory | $98.77M | $111.77M | $61.40M | $21.75M | $15.34M | -11.6% |
| Total current assets | $243.55M | $206.35M | $191.88M | $132.51M | $124.25M | +18.0% |
| Property, plant & equipment | $883.00M | $878.52M | $335.79M | $303.47M | $265.76M | +0.5% |
| Total assets | $1.36B | $1.30B | $666.86M | $598.50M | $536.57M | +4.7% |
| Total current liabilities | $257.77M | $262.87M | $182.13M | $118.95M | $109.10M | -1.9% |
| Current debt | $34.27M | $34.61M | $34.44M | — | — | -1.0% |
| Long-term debt | $31.01M | $30.72M | $43.68M | $77.01M | $67.94M | +0.9% |
| Total debt | $99.75M | $110.34M | $119.04M | $112.95M | $98.77M | -9.6% |
| Total liabilities | $763.11M | $738.98M | $256.33M | $221.49M | $200.14M | +3.3% |
| Retained earnings | $10.79M | -$34.43M | -$73.99M | -$101.57M | -$101.70M | +131.3% |
| Shareholder equity | $589.78M | $543.31M | $400.01M | $372.26M | $326.12M | +8.6% |
| Working capital | -$14.22M | -$56.52M | $9.75M | $13.56M | $15.16M | +74.8% |
| Net tangible assets | $589.78M | $543.31M | $400.01M | $372.26M | $326.12M | +8.6% |
| Shares issued | 667.22M | 666.97M | 598.26M | 597.88M | 532.01M | +0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $53.11M | $48.75M | $33.36M | $7.37M | $18.33M | +8.9% |
| Stock-based compensation | $1.62M | $793.00K | $589.00K | $487.00K | $575.00K | +104.7% |
| Change in working capital | $17.94M | -$13.74M | -$4.40M | -$18.78M | -$10.67M | +230.6% |
| Operating cash flow | $109.28M | $175.64M | $52.60M | $2.82M | $16.36M | -37.8% |
| Capital expenditure | -$7.10M | -$50.98M | -$36.44M | -$34.95M | -$44.07M | +86.1% |
| Investing cash flow | -$44.38M | -$212.51M | -$39.33M | -$34.73M | -$43.51M | +79.1% |
| Dividends paid | $0 | $0 | $0 | $0 | $0 | — |
| Financing cash flow | -$14.43M | -$9.93M | -$183.00K | $44.22M | -$5.14M | -45.3% |
| Free cash flow | $102.18M | $124.66M | $16.16M | -$32.13M | -$27.71M | -18.0% |
| End cash position | $96.67M | $48.34M | $97.95M | $85.33M | $72.59M | +100.0% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | — | — | $0 | — |
| Next quarter | — | — | $0 | — |
| Current year | — | — | $1.51B | +193.9% |
| Next year | — | — | $1.83B | +21.4% |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
ConsensusNONE
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders26.81%
Held by institutions36.99%
Institutions holding57
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
2.27
+4.10% from price
SMA 20
2.19
+7.96% from price
SMA 50
2.01
+17.62% from price
SMA 100
1.84
+28.08% from price
SMA 200
1.76
+34.43% from price
EMA 12
2.25
+4.87% from price
EMA 26
2.16
+9.14% from price
EMA 50
2.05
+15.40% from price
RSI (14)
62.1
Neutral
MACD (12,26,9)
0.09
Hist 0.00
ATR (14)
0.10
4.21% of price
Realised vol 30D
50.1%
Annualised
Bollinger upper
2.44
20, 2σ
Bollinger lower
1.93
20, 2σ
50 / 200 cross
Golden
2.01 vs 1.76
Trend bias
Above 200
+34.43%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
-0.06
Less volatile than market
Correlation to SPY
-0.01
Largely independent
Realised vol 30D
50.1%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-35.0%
Peak to trough
Max drawdown 5Y
-70.9%
Peak to trough
ATR 14
0.10
4.21% of price
Beta (reported)
1.22
5Y monthly, from filing
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 27, 24 | Raymond James | MAINTAINED | Outperform | Outperform |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split—
Split date—
Headlines
Did Orezone Gold’s Plan to Double Output Transform Orezone Gold’s (TSX:ORE) Investment Narrative?
Simply Wall St. · 3d ago
Orezone Gold Upgraded to Outperformer at CIBC
MT Newswires · 16d ago
Orezone Gold Releases Updated Life of Mine Plan for Casa Berardi Gold Mine
MT Newswires · 22d ago
Orezone Announces Life-of-Mine Plan for Casa Berardi Operations
GlobeNewswire · 22d ago
Orezone Gold Corp (ORZCF) (Q2 2026) Earnings Call Highlights: Record Multi-Mine Production and ...
GuruFocus.com · 55d ago
Orezone Gold Second-Quarter Adjusted Earnings Double
MT Newswires · 56d ago
Orezone Gold Reports Second Quarter 2026 Results
GlobeNewswire · 56d ago
Orezone Reports Positive Drill Results at Bomboré Demonstrating Growth Potential Ahead of Mineral Resource and Reserve Update in Q1 2027
GlobeNewswire · 57d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.