Orezone Gold Co. (OTCMKTS:ORZCF) Short Interest Down 42.5% in August

Orezone Gold Co. (OTCMKTS:ORZCF) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 1,302,391 shares, a drop of 42.5% from the August 15th total of 2,264,251 shares. Based on an average daily trading volume, of 352,887 shares, the days-to-cover ratio is currently 3.7 days.

Orezone Gold Stock Performance

Shares of Orezone Gold stock traded up $0.05 during trading on Wednesday, hitting $2.07. 147,150 shares of the stock traded hands, compared to its average volume of 240,370. The stock’s fifty day simple moving average is $1.82 and its 200 day simple moving average is $1.73. Orezone Gold has a 52-week low of $0.89 and a 52-week high of $2.30.

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.