Orezone Gold Co. (OTCMKTS:ORZCF – Get Free Report)’s share price passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $2.10 and traded as low as $2.01. Orezone Gold shares last traded at $2.05, with a volume of 203,544 shares changing hands.
Analysts Set New Price Targets
Separately, Canadian Imperial Bank of Commerce upgraded Orezone Gold from a “neutral” rating to an “outperform” rating in a report on Sunday, September 20th. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.
Get Our Latest Stock Analysis on ORZCF
Orezone Gold Trading Down 3.9%
The firm’s fifty day moving average price is $2.10 and its two-hundred day moving average price is $1.83.
Orezone Gold Company Profile
Orezone Gold Corporation is a Canadian mining company focused on the development and operation of gold assets in Burkina Faso, West Africa. Its principal asset is the Bomboré Gold Mine, an open-pit operation located in the country’s Ganzourgou Province. The company produces gold doré from ore processed at Bomboré and continues to evaluate opportunities to expand and optimize the operation. Orezone’s activities include mine development, mineral exploration, resource evaluation, processing, and related infrastructure and environmental management.
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