Oriole Resources (LON:ORR) Stock Price Up 13% – Still a Buy?

Shares of Oriole Resources PLC (LON:ORR) were up 13% during trading on Tuesday . The stock traded as high as GBX 0.40 ($0.01) and last traded at GBX 0.40 ($0.01). Approximately 8,620,652 shares traded hands during trading, a decline of 60% from the average daily volume of 21,326,447 shares. The stock had previously closed at GBX 0.35 ($0.00).

Oriole Resources Stock Down 1.7 %

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 firm’s 50 day moving average price is GBX 0.31 and its two-hundred day moving average price is GBX 0.32. The company has a market cap of £13.57 million, a P/E 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.