Oriole Resources (LON:ORR) Shares Up 3.7% – Still a Buy?

Oriole Resources PLC (LON:ORR) traded up 3.7% during trading on Tuesday . The stock traded as high as GBX 0.28 ($0.00) and last traded at GBX 0.28 ($0.00). 5,106,416 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 19,893,162 shares. The stock had previously closed at GBX 0.27 ($0.00).

Oriole Resources Trading Up 3.7 %

The business’s 50-day simple moving average is GBX 0.30 and its 200-day simple moving average is GBX 0.32. 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 company has a market capitalization of £10.92 million, a price-to-earnings ratio of -1.40 and a beta of 1.39.

Oriole Resources Company Profile

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.