Orezone Gold (OTCMKTS:ORZCF) Trading Down 2.4% – Time to Sell?

Shares of Orezone Gold Co. (OTCMKTS:ORZCF) dropped 2.4% during mid-day trading on Monday . The company traded as low as $1.58 and last traded at $1.60. Approximately 176,612 shares were traded during trading, a decline of 31% from the average daily volume of 257,570 shares. The stock had previously closed at $1.64.

Wall Street Analyst Weigh In

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

Orezone Gold Price Performance

The stock’s 50-day moving average is $1.70 and its two-hundred day moving average is $1.69.

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.