Orezone Gold (OTCMKTS:ORZCF) Trading Up 1.5% – Still a Buy?

Orezone Gold Co. (OTCMKTS:ORZCF) shares shot up 1.5% during trading on Wednesday . The stock traded as high as $1.8255 and last traded at $1.8040. 243,901 shares traded hands during trading, a decline of 21% from the average session volume of 309,150 shares. The stock had previously closed at $1.7770.

Analyst Ratings Changes

Separately, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Orezone Gold in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Orezone Gold presently has an average rating of “Moderate Buy”.

Orezone Gold Trading Up 1.5%

The company has a fifty day moving average price of $1.60 and a two-hundred day moving average price of $1.20.

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.