Orezone Gold Co. (OTCMKTS:ORZCF) Short Interest Update

Orezone Gold Co. (OTCMKTS:ORZCF) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 2,417,841 shares, a drop of 53.4% from the April 30th total of 5,192,795 shares. Based on an average daily volume of 349,674 shares, the short-interest ratio is currently 6.9 days.

Orezone Gold Trading Up 2.8%

Orezone Gold stock traded up $0.05 during mid-day trading on Friday, hitting $1.82. 366,815 shares of the company’s stock traded hands, compared to its average volume of 287,449. The firm has a 50 day simple moving average of $1.67 and a two-hundred day simple moving average of $1.56. Orezone Gold has a fifty-two week low of $0.75 and a fifty-two week high of $2.30.

Analysts Set New Price Targets

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

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.