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

Orezone Gold Co. (OTCMKTS:ORZCF) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 4,230,540 shares, a growth of 76.3% from the July 15th total of 2,399,016 shares. Based on an average trading volume of 208,311 shares, the days-to-cover ratio is currently 20.3 days.

Orezone Gold Trading Down 6.0%

Shares of OTCMKTS:ORZCF traded down $0.12 during trading on Tuesday, reaching $1.88. The company had a trading volume of 42,153 shares, compared to its average volume of 239,232. The stock’s fifty day moving average price is $1.68 and its 200 day moving average price is $1.72. Orezone Gold has a fifty-two week low of $0.75 and a fifty-two week 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.