Oriole Resources (LON:ORR) Trading 13.3% Higher – Time to Buy?

Oriole Resources PLC (LON:ORR) shares traded up 13.3% during mid-day trading on Monday . The stock traded as high as GBX 0.36 and last traded at GBX 0.34. 28,521,613 shares were traded during mid-day trading, a decline of 5% from the average session volume of 29,884,088 shares. The stock had previously closed at GBX 0.30.

Oriole Resources Stock Up 13.3%

The firm has a 50 day simple moving average of GBX 0.32 and a 200-day simple moving average of GBX 0.31. The company has a market cap of £16.57 million, a PE ratio of -17.00 and a beta of 1.63.

Oriole Resources (LON:ORR) last posted its earnings results on Tuesday, April 21st. The company reported GBX (0.02) earnings per share (EPS) for the quarter.

Insider Transactions at Oriole Resources

In other Oriole Resources news, insider Claire Bay sold 967,742 shares of Oriole Resources stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of GBX 3, for a total value of £29,032.26. 8.18% of the stock is owned by company insiders.

About Oriole Resources

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. The company was formerly known as Stratex International Plc and changed its name to Oriole Resources PLC in September 2018. Oriole Resources PLC was founded in 2004 and is based in London, the United Kingdom.