Orezone Gold Co. (OTCMKTS:ORZCF) Sees Significant Decline in Short Interest

Orezone Gold Co. (OTCMKTS:ORZCF) 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 short-interest ratio is presently 3.7 days.

Orezone Gold Price Performance

Shares of OTCMKTS:ORZCF opened at $2.12 on Friday. The company’s fifty day moving average is $1.84 and its two-hundred day moving average is $1.74. Orezone Gold has a 12-month low of $0.89 and a 12-month high of $2.30.

Orezone Gold Company Profile

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.