Orezone Gold (OTCMKTS:ORZCF) Stock Price Up 5.7% – What’s Next?

Orezone Gold Co. (OTCMKTS:ORZCF) shares traded up 5.7% during mid-day trading on Tuesday . The company traded as high as $2.17 and last traded at $2.15. 558,880 shares traded hands during mid-day trading, an increase of 111% from the average session volume of 264,531 shares. The stock had previously closed at $2.0350.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ORZCF shares. Raymond James Financial restated an “outperform” rating on shares of Orezone Gold in a research report on Friday, October 10th. CIBC reaffirmed a “neutral” rating on shares of Orezone Gold in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Orezone Gold has a consensus rating of “Moderate Buy”.

Orezone Gold Price Performance

The company’s 50-day simple moving average is $1.34 and its 200 day simple moving average is $1.08.

Orezone Gold Company Profile

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.