OREZONE GOLD Reports Positive First Quarter Results for FY2023
May 26, 2023
OREZONE GOLD ($BER:OEX) reported their first quarter FY2023 earnings results on March 31 2023, ending May 9 2023. Total revenues increased to USD 81.7 million, compared to 0.0 million the previous year. Net income rose to USD 22.6 million, compared to -5.0 million a year ago.
The stock opened at €1.1 and closed at €1.1, up by 2.2% from the last closing price of €1.1. This indicates a solid start to the year for OREZONE GOLD, with analysts expecting the company to reach even higher heights in the coming quarters. This increase in stock prices is attributable to OREZONE GOLD’s strong production numbers in the first quarter of FY2023.
These impressive results from OREZONE GOLD serve as a testament to the company’s dedication to meeting its goals for the financial year. With their current momentum and high production numbers, analysts are expecting OREZONE GOLD to continue to grow in both production and profits over the next several quarters. Live Quote…
About the Company
Below shows the total revenue, net income and net margin for Orezone Gold. More…
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Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Orezone Gold. More…
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Orezone Gold. More…
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Key Ratios Snapshot
Some of the financial key ratios for Orezone Gold are shown below. More…
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As a comprehensive financial analysis conducted by GoodWhale, the Star Chart score for OREZONE GOLD reveals that the company has a low health score of 3/10 when it comes to cashflows and debt, being less likely to pay off debt and fund future operations. OREZONE GOLD is classified as a ‘gorilla’ type of company, which we determine has achieved stable and high revenue or earning growth due to its strong competitive advantage. This makes OREZONE GOLD a strong investment prospect for investors who are looking for companies with strong growth potential, as it is strong in growth, profitability, and medium in asset, but weak in dividend. More…
Investors looking to add OREZONE GOLD to their portfolio are likely to be pleased with the company’s first quarter FY2023 earnings results. Total revenue was reported to have increased significantly from 0.0 million to 81.7 million, while net income rose from -5.0 million to 22.6 million. These figures demonstrate that the company is financially sound and provides a good opportunity for new investors. With strong results in the first quarter of FY2023, OREZONE GOLD appears to be a solid investment choice.
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