Oriole Resources (LON:ORR) Shares Up 4.5% – Still a Buy?

Oriole Resources PLC (LON:ORR) shot up 4.5% during mid-day trading on Monday . The company traded as high as GBX 0.24 ($0.00) and last traded at GBX 0.23 ($0.00). 40,245,977 shares changed hands during trading, an increase of 102% from the average session volume of 19,901,885 shares. The stock had previously closed at GBX 0.22 ($0.00).

Oriole Resources Stock Performance

The stock has a market cap of £9.05 million, a price-to-earnings ratio of -1.40 and a beta of 1.39. The stock’s fifty day moving average is GBX 0.28 and its 200-day moving average is GBX 0.30. The company has a quick ratio of 1.50, a current ratio of 6.24 and a debt-to-equity ratio of 0.03.

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.