Orezone Gold (OTCMKTS:ORZCF) Shares Down 4.3% – Here’s What Happened

Shares of Orezone Gold Co. (OTCMKTS:ORZCF) traded down 4.3% during mid-day trading on Thursday . The stock traded as low as $1.64 and last traded at $1.66. 73,177 shares were traded during trading, a decline of 78% from the average session volume of 325,716 shares. The stock had previously closed at $1.7345.

Analyst Upgrades and Downgrades

Separately, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Orezone Gold in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Orezone Gold Price Performance

The company’s 50-day moving average price is $1.76 and its two-hundred day moving average price is $1.30.

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.