Orezone Gold Co. (OTCMKTS:ORZCF – Get Free Report) dropped 3.4% during trading on Wednesday. The stock traded as low as $2.22 and last traded at $2.28. Approximately 169,861 shares traded hands during 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 Orezone Gold from a “neutral” rating to an “outperform” rating in a research report on Sunday, September 20th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.
Check Out Our Latest Report on Orezone Gold
Orezone Gold Trading Down 3.4%
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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