Oriole Resources (LON:ORR) Trading Up 5.1% – Time to Buy?

Shares of Oriole Resources PLC (LON:ORRGet Free Report) were up 5.1% on Tuesday . The stock traded as high as GBX 0.29 and last traded at GBX 0.29. Approximately 10,598,114 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 36,439,563 shares. The stock had previously closed at GBX 0.28.

Oriole Resources Price Performance

The firm has a 50-day moving average of GBX 0.27 and a 200 day moving average of GBX 0.28. The company has a market capitalization of £13.77 million, a PE ratio of -4.82 and a beta of 1.39.

About Oriole Resources

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Oriole Resources PLC, together with its subsidiaries, engages in the exploration and development of gold and other base metals in Turkey, East Africa, and West Africa. It primarily holds 85% interest in the Dalafin project situated in Senegal. The company also has an option to earn a 90% interest in the Bibemi and Wapouzé projects located in Cameroon. The company was formerly known as Stratex International Plc and changed its name to Oriole Resources PLC in September 2018. Oriole Resources PLC was founded in 2004 and is based in London, the United Kingdom.

Further Reading

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