Orezone Gold (OTCMKTS:ORZCF) Shares Up 0.9% – Should You Buy?

Orezone Gold Co. (OTCMKTS:ORZCF) shares were up 0.9% during trading on Monday . The stock traded as high as $1.7345 and last traded at $1.7345. 418,243 shares traded hands during trading, an increase of 54% from the average daily volume of 272,334 shares. The stock had previously closed at $1.7194.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial assumed coverage on Orezone Gold in a research note on Thursday, April 16th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Orezone Gold Stock Down 7.0%

The stock’s fifty day simple moving average is $1.71 and its 200-day simple moving average is $1.65.

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.