Orezone Gold (OTCMKTS:ORZCF) Shares Up 2.3% – What’s Next?

Orezone Gold Co. (OTCMKTS:ORZCF)’s share price shot up 2.3% during trading on Thursday . The company traded as high as $1.7820 and last traded at $1.77. 117,001 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 286,663 shares. The stock had previously closed at $1.73.

Analysts Set New Price Targets

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

Orezone Gold Stock Up 2.3%

The business has a fifty day moving average price of $1.66 and a 200 day moving average price of $1.56.

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.