Oriole Resources (LON:ORR) Stock Price Down 2% – What’s Next?

Oriole Resources PLC (LON:ORRGet Free Report) shares fell 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 were traded 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 Stock Performance

The company’s fifty day simple moving average is GBX 0.26 and its two-hundred day simple moving average is GBX 0.29. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.50 and a current ratio of 6.24. The stock has a market capitalization of £8.97 million, a P/E ratio of -1.40 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.

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