Orezone Gold (OTCMKTS:ORZCF) Stock Jumps 0.2% – Here’s Why

Orezone Gold Co. (OTCMKTS:ORZCF) traded up 0.2% on Wednesday. The company traded as high as $2.00 and last traded at $1.9940. 152,145 shares were traded during trading, a decline of 35% from the average daily volume of 235,566 shares. The stock had previously closed at $1.9894.

Analyst Ratings Changes

Separately, Canadian Imperial Bank of Commerce upgraded Orezone Gold from a “neutral” rating to an “outperform” rating in a research note on Sunday, September 20th. Two analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company presently has an average rating of “Buy”.

Orezone Gold Stock Performance

The firm’s fifty day moving average is $2.10 and its 200 day moving average is $1.82.

Orezone Gold Company Profile

Orezone Gold Corporation is a Canada-based gold exploration and production company focused on developing and operating gold assets in West Africa. The company’s principal property is the Bomboré Gold Mine in Burkina Faso, an open-pit operation that produces gold from oxide and transitional ores.

Bomboré achieved first gold production in 2022 and subsequently entered commercial production. Orezone has also pursued expansion and development initiatives at the property, including the evaluation of additional resources and processing opportunities intended to support longer-term production.

Orezone’s shares trade on the Toronto Stock Exchange under the symbol ORE and on the OTC market under the symbol ORZCF.