Orezone Gold (OTCMKTS:ORZCF) Shares Up 2.3% – Here’s What Happened

Orezone Gold Co. (OTCMKTS:ORZCF)’s share price was up 2.3% during trading on Thursday . The company traded as high as $1.7820 and last traded at $1.77. Approximately 117,001 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 286,663 shares. The stock had previously closed at $1.73.

Analysts Set New Price Targets

Separately, National Bank Financial started coverage on Orezone Gold in a report on Thursday, April 16th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Orezone Gold Trading Up 2.3%

The firm has a fifty day moving average of $1.66 and a 200-day moving average of $1.56.

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.