Oriole Resources (LON:ORR) Shares Up 11.1% – Should You Buy?

Oriole Resources PLC (LON:ORRGet Free Report)’s stock price shot up 11.1% during trading on Monday . The company traded as high as GBX 0.23 ($0.00) and last traded at GBX 0.23 ($0.00). 66,490,836 shares traded hands during trading, an increase of 163% from the average session volume of 25,306,461 shares. The stock had previously closed at GBX 0.21 ($0.00).

Oriole Resources Price Performance

The business’s 50 day moving average is GBX 0.26 and its two-hundred day moving average is GBX 0.30. The firm has a market cap of £8.97 million, a P/E 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.

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.

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