Orezone Gold (OTCMKTS:ORZCF) Shares Down 4.3% – Here’s Why

Orezone Gold Co. (OTCMKTS:ORZCF) fell 4.3% on Thursday . The company traded as low as $1.64 and last traded at $1.66. 73,177 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 325,716 shares. The stock had previously closed at $1.7345.

Analyst Ratings Changes

Separately, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Orezone Gold in a research note on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Orezone Gold Price Performance

The business’s 50-day simple moving average is $1.76 and its two-hundred day simple moving average is $1.30.

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.