Orla Mining Ltd. (NYSEAMERICAN:ORLA - Get Free Report) shot up 8.6% during trading on Monday . The stock traded as high as $4.48 and last traded at $4.28. 167,295 shares changed hands during trading, a decline of 60% from the average session volume of 422,580 shares. The stock had previously closed at $3.94.
Wall Street Analysts Forecast Growth
ORLA has been the subject of several research analyst reports. Scotiabank increased their price objective on Orla Mining from $5.75 to $6.00 and gave the stock a "sector perform" rating in a research note on Friday, October 11th. Desjardins raised Orla Mining to a "moderate buy" rating in a research note on Thursday, October 31st.
Read Our Latest Research Report on Orla Mining
Orla Mining Stock Up 8.5 %
The firm has a market cap of $1.37 billion, a PE ratio of -427.07 and a beta of 0.79. The company has a quick ratio of 5.02, a current ratio of 4.54 and a debt-to-equity ratio of 0.12.
Institutional Trading of Orla Mining
Several institutional investors have recently modified their holdings of ORLA. International Assets Investment Management LLC acquired a new stake in Orla Mining in the 3rd quarter valued at $43,000. Kitching Partners LLC acquired a new stake in Orla Mining in the 3rd quarter valued at $48,000. Walleye Capital LLC acquired a new stake in Orla Mining in the 3rd quarter valued at $69,000. DF Dent & Co. Inc. acquired a new stake in Orla Mining in the 3rd quarter valued at $80,000. Finally, Renaissance Technologies LLC acquired a new stake in Orla Mining in the 2nd quarter valued at $102,000. Institutional investors and hedge funds own 43.04% of the company's stock.
Orla Mining Company Profile
(
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Orla Mining Ltd. acquires, explores, develops, and exploits mineral properties. The company explores for gold, silver, zinc, lead, and copper deposits. It owns 100% interests in the Camino Rojo project that consists of seven concessions covering an area of 138,636 hectares located in Zacatecas, Mexico; Cerro Quema project totaling an area of 15,000 hectares located in the Azuero Peninsula, Panama; and the South Railroad project consisting of an area of 21,000 hectares located in Elko, Nevada.
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