Orezone Gold (OTCMKTS:ORZCF) Trading Up 1.5% – Here’s What Happened

Orezone Gold Co. (OTCMKTS:ORZCF) was up 1.5% during mid-day trading on Wednesday . The company traded as high as $1.8255 and last traded at $1.8040. Approximately 243,901 shares were traded during trading, a decline of 21% from the average daily volume of 309,150 shares. The stock had previously closed at $1.7770.

Wall Street Analysts Forecast Growth

Separately, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Orezone Gold in a report on Tuesday, January 27th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Orezone Gold Stock Performance

The business’s 50 day moving average price is $1.60 and its 200 day moving average price is $1.20.

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.