Orezone Gold Co. (OTCMKTS:ORZCF – Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 1,302,391 shares, a decline of 42.5% from the August 15th total of 2,264,251 shares. Based on an average daily trading volume, of 352,887 shares, the days-to-cover ratio is presently 3.7 days.
Orezone Gold Stock Performance
Orezone Gold stock traded up $0.09 during midday trading on Thursday, reaching $2.16. 38,188 shares of the stock traded hands, compared to its average volume of 239,646. The company has a 50-day simple moving average of $1.83 and a two-hundred day simple moving average of $1.73. Orezone Gold has a 12-month low of $0.89 and a 12-month high of $2.30.
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.
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