Orezone Gold (OTCMKTS:ORZCF) Stock Price Down 2.4% – Here’s Why

Shares of Orezone Gold Co. (OTCMKTS:ORZCF) traded down 2.4% on Monday . The company traded as low as $1.58 and last traded at $1.60. 176,612 shares were traded during trading, a decline of 31% from the average daily volume of 257,570 shares. The stock had previously closed at $1.64.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial initiated coverage on Orezone Gold in a research report on Thursday, April 16th. They issued an “outperform” rating for the company. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Orezone Gold Trading Down 2.4%

The business’s fifty day simple moving average is $1.69 and its 200 day simple moving average is $1.69.

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.