Orezone Gold Co. (OTCMKTS:ORZCF) Short Interest Down 53.4% in May

Orezone Gold Co. (OTCMKTS:ORZCF) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 2,417,841 shares, a decrease of 53.4% from the April 30th total of 5,192,795 shares. Based on an average trading volume of 349,674 shares, the days-to-cover ratio is currently 6.9 days.

Analyst Ratings Changes

Separately, National Bank Financial started coverage on shares of Orezone Gold in a research note on Thursday, April 16th. They set an “outperform” rating for the company. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Orezone Gold Price Performance

Shares of OTCMKTS:ORZCF traded up $0.05 during midday trading on Friday, hitting $1.82. The stock had a trading volume of 366,815 shares, compared to its average volume of 287,449. Orezone Gold has a 12 month low of $0.75 and a 12 month high of $2.30. The business’s 50-day simple moving average is $1.67 and its 200-day simple moving average is $1.56.

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.