Orezone Gold (OTCMKTS:ORZCF) Trading 0.9% Higher – Here’s What Happened

Orezone Gold Co. (OTCMKTS:ORZCF)’s share price rose 0.9% during trading on Monday . The stock traded as high as $1.7345 and last traded at $1.7345. 418,243 shares were traded during trading, an increase of 54% from the average session volume of 272,334 shares. The stock had previously closed at $1.7194.

Wall Street Analyst Weigh In

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

Orezone Gold Trading Up 0.9%

The stock’s 50-day moving average is $1.71 and its two-hundred day moving average is $1.65.

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.