Oriole Resources (LON:ORR) Trading Down 2% – Here’s Why

Oriole Resources PLC (LON:ORRGet Free Report)’s stock price traded down 2% during trading on Wednesday . The company traded as low as GBX 0.23 ($0.00) and last traded at GBX 0.24 ($0.00). 6,005,117 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 24,673,293 shares. The stock had previously closed at GBX 0.25 ($0.00).

Oriole Resources Price Performance

The company’s 50-day moving average price is GBX 0.26 and its two-hundred day moving average price is GBX 0.29. The company has a market capitalization of £8.24 million, a price-to-earnings ratio of -22.42 and a beta of 1.39.

Oriole Resources Company Profile

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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.

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