Orezone Gold (OTCMKTS:ORZCF) Shares Up 4.3% – Time to Buy?

Shares of Orezone Gold Co. (OTCMKTS:ORZCF) shot up 4.3% during mid-day trading on Monday . The company traded as high as $1.34 and last traded at $1.3245. 402,862 shares traded hands during trading, an increase of 69% from the average session volume of 238,331 shares. The stock had previously closed at $1.27.

Analyst Ratings Changes

Separately, Raymond James Financial restated an “outperform” rating on shares of Orezone Gold in a research report on Friday, October 10th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Orezone Gold presently has a consensus rating of “Buy”.

Orezone Gold Stock Up 4.3%

The business has a 50 day moving average of $1.13 and a 200-day moving average of $0.99.

About Orezone Gold

Orezone Gold Corporation is a Canadian-based gold producer and developer listed on the OTCMKTS under the ticker ORZCF. The company focuses on bringing its flagship Bomboré gold project in Burkina Faso into full-scale commercial operation. Orezone Gold’s corporate office is located in Vancouver, British Columbia, and its shares trade on both North American and international exchanges.

Orezone Gold’s primary activities include exploration, project development, and mining operations. The company holds a 90% interest in the Bomboré licence, with the government of Burkina Faso retaining a 10% carried interest.