Shares of Orezone Gold Co. (OTCMKTS:ORZCF – Get Free Report) were down 3.4% on Wednesday. The stock traded as low as $2.22 and last traded at $2.28. Approximately 169,861 shares were traded during mid-day trading, a decline of 30% from the average session volume of 242,514 shares. The stock had previously closed at $2.3598.
Analyst Ratings Changes
Separately, Canadian Imperial Bank of Commerce raised shares of Orezone Gold from a “neutral” rating to an “outperform” rating in a report on Sunday, September 20th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.
View Our Latest Report on ORZCF
Orezone Gold Price Performance
Orezone Gold Company Profile
Orezone Gold Corporation is a Canadian mineral exploration and development company focused on gold assets in Burkina Faso, West Africa. Its principal asset is the Bomboré Gold Mine, an open-pit operation located near the country’s capital, Ouagadougou.
Bomboré produces gold from oxide ore and is being developed in phases to support the processing of additional ore types, including sulphide mineralization. Orezone’s activities include mine development, mineral exploration, processing, and ongoing efforts to expand and optimize the Bomboré operation.
The company advanced Bomboré into commercial production in 2022.
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