Oriole Resources (LON:ORR) Shares Down 10% – Here’s Why

Shares of Oriole Resources PLC (LON:ORRGet Free Report) traded down 10% during trading on Tuesday . The company traded as low as GBX 0.29 ($0.00) and last traded at GBX 0.29 ($0.00). 26,612,253 shares were traded during mid-day trading, an increase of 29% from the average session volume of 20,639,652 shares. The stock had previously closed at GBX 0.32 ($0.00).

Oriole Resources Price Performance

The firm has a market cap of £11.23 million, a price-to-earnings ratio of -1.40 and a beta of 1.39. The company has a quick ratio of 1.50, a current ratio of 6.24 and a debt-to-equity ratio of 0.03. The company’s fifty day moving average is GBX 0.33 and its 200 day moving average is GBX 0.32.

Oriole Resources Company Profile

(Get Free Report)

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.

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